The Eurozone's Gross Domestic Product (GDP) recorded a 0.7% decline in the last three months of 2020, against the market's expectation of a 0.6% drop, according to data released on Tuesday (09) by the Agency of European Union Statistics. In the year, it represents a decrease of 4.9%, below the estimate of -5.0%. The reduction in household consumption in a period of stricter social restrictions to contain the spread of the coronavirus pulled the economic indicator of the 19 countries involved. Family consumption dropped by 1.6% in the comparison between the fourth quarter and the third and 4.1% in the annual.
This text was translated by machine from Brazilian Portuguese.