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Eurozone GDP contracted 6% in 2020, less than the 7% previously projected

Alfred Kammer, Director of the European Department of the International Monetary Fund (IMF), said the Friday that the Eurozone economy contracted 6% in 2020, compared to the IMF estimate of 7%Reuters reported.

Next week, Eurostat will release the Gross Domestic Product (GDP) for the fourth quarter, which is expected to show a contraction of 5.1% annually.

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