MNI: EUROZONE DATA: Flash GDP (Q1 2020)..............>

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.