Coronavirus: Euro area economy shrinks by 12.1% — biggest drop on record

closed shop in Leicester, UK, on June 30, 2020.  Copyright  AP Photo/Rui Vieira The eurozone economy shrank by 12.1 per cent in the second quarter of 2020 compared to the previous one — the biggest drop on record, Eurostat announced on Friday. Gross Domestic Product (GDP) for the whole European Union is meanwhile projected to have fallen … Continue reading Coronavirus: Euro area economy shrinks by 12.1% — biggest drop on record