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GDP down by 0.7% in the Euro area in fourth quarter of 2020

Romania with strongest growth, Austria records sharp decrease

09 March, 11:40
(ANSA) - BELGRADE, MAR 9 - In the fourth quarter of 2020, the GDP decreased by 0.7% in the euro area and by 0.5% in the EU compared with the previous quarter, Eurostat, the statistical office of the European Union, said today.

Romania (+4.8%) and Malta (+3.8%) recorded the sharpest increases of GDP compared to the previous quarter, followed by Croatia and Greece (both +2.7%) while the strongest declines were observed in Ireland (-5.1%) and Austria (-2.7%), followed by Italy (-1.9%) and France (-1.4%).

In 2020, GDP fell by 6.6% in the euro area and by 6.2% in the EU, after +1.3% and +1.6% respectively in 2019, Eurostat informed. (ANSA).

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