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Preliminary Flash GDP (Q1 2020).......>

MNI (London)
EUROZONE DATA: Preliminary Flash GDP (Q1 2020)
- EZ Q1 prelim flash GDP -3.8% Q/Q SA, -3.3% Y/Y WDA; Q4 GDP +0.1%Q/Q, +1.0%Y/Y 
- The EZ economy contracted by 3.8% in Q1, falling short of markets projected a
downtick by 3.5% 
- These were sharpest quarterly declines since records began in 1995, while the
annual rate was the lowest since Q3 2009 (-4.5%) 
- Already released state level data paints a downbeat picture: 
- The French economy declined by 5.8%, the Spanish plummeted by 5.2%, while
Belgium GDP shrank by 3.9% and the Austrian economy contracted by 2.5% on the
- Several statistical offices noted that March's dataset is still incomplete
which will likely result in revisions for the final print.
MNI London Bureau | +44 203-865-3812 |
MNI London Bureau | +44 203-865-3812 |

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