MNI BRIEF: Bank Of Italy Downgrades 2024 Inflation Forecast

CANADA MAR JOBLESS RATE 6.1% VS FORECAST 5.9%, PRIOR 5.8%

MNI: Canada Wages Up 5% Even With Highest Jobless Rate In 2Yrs

MNI BRIEF: Monetary, Fiscal Policy Need Harmony - Campos Neto

CORRECTED-MNI: Changing Brazil Fiscal Target Not "Plan A"

MNI BRIEF: PBOC To Curb Any Overshooting Of The Yuan-MPC

EZ/UK Bond Supply Calendar: EU-Bond Auction, BoE Short APF Mon

EZ/UK T-Bill Calendar: Germany and France Bills Due Monday

CANADA MAR IVEY PURCHASING MANAGERS INDEX 57.5 SA

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EZ GDP Declines in Q4 As Second Covid Wave Hits

EUROZONE DATA
(MNI) LONDON

EZ Q4 PRELIM. FLASH GDP -0.7% Q/Q SA, -5.1% Y/Y WDA

EZ Q3 GDP +12.4% Q/Q SA; -4.3% Y/Y WDA

  • The EZ economy narrowed in Q4 as the second wave of Covid-19 hit Europe, down 0.7%, beating market expectations (BBG: -1.2% q/q)
  • This follows a historic increase in Q3 where the economy grew by 12.4%.
  • Annual GDP deteriorated in Q4 to -5.1%, down from -4.3% seen in the previous quarter.
  • Over the year of 2020, GDP fell by 6.8% in the eurozone and was down 6.4% in the EU.
  • Among the member states for which data is available, Austria (-4.3%), Italy (-2.0%) and France (-1.3%) saw the largest quarterly decrease, while Lithuania (+1.2%) and Latvia (+1.1%) recorded the highest gains.
  • The annual growth rate was negative in all countries with the highest level seen in Spain (-9.1%).
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
DataHomepagemarkets-real-timeData BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
DataHomepagemarkets-real-timeData BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.