Global Macro Service > Research Briefings > Eurozone
Following a 3.6% plunge in Q1, real GDP contracted by a record 12.1% in Q2, meaning a 15% peak-to-trough contraction. The drop in Q2 was in line with our estimate, therefore not triggering any meaningful growth revision. However, while the recovery is ongoing, uncertainty remains elevated regarding the rebound in H2 this year.
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