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MNI: EUROZONE DATA: Flash GDP (Q1 2020)
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- Flash GDP (Q1): -3.8% q/q, -3.2% y/y; Prev (Q4): 0.1% q/q, 1.0% y/y
- Annual flash GDP was revised up to -3.2% from preliminary flash of -3.3% 
- The EZ economy showed the steepest decline since the series began in 1995 amid
the Covid-19 crisis. 
- Among the member states for which data is already available, France (-5.8%),
Slovakia (-5.4%) and Spain (-5.2%) posted the largest quarterly declines. 
- Against that, Finland recorded a small quarterly gain of 0.1% in Q1. 
- Employment growth fell to -0.2% in Q1 following an acceleration to 0.3% in the
previous quarter, leaving the annual employment rate at 0.3%.
- Eurostat notes that country coverage was not affected by the Covid-19 crisis.
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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