Preliminary Fourth Quarter GDP falls 5% annually, slightly improving on the 5.1% decline expected

The preliminary Gross Domestic Product of the Eurozone stood at -5% in the year-on-year reading of the fourth quarter of 2020, slightly improving the -5.1% expected by the market, although worsening the -4.3% previously.

The year 2020 is thus completed with the four negative quarters, after registering -3.1% in the first and -14.7% in the second.

The Quarterly GDP stands at -0.6%, moderating the estimated -0.7% and notably worsening the + 12.5% ​​of the third quarter.

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