Coronavirus pandemic triggers huge contraction in eurozone economy

The 19 euro-area countries

The 19 euro-area countries experienced the biggest GDP drop on record during the height of the coronavirus pandemic. The eurozone economy shrank 12.1 percent, while the EU economy as a whole contracted 11.9 percent.

The second-quarter preliminary reading is the lowest since records by the region’s statistics office Eurostat began in 1995.

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