EU Economy: In the EU, GDP down by 0.4% and employment down by 0.3%

In the first quarter of 2021, seasonally adjusted GDP decreased by 0.6% in the euro areaand by 0.4% in the EU,compared with the previous quarter, according to a flash estimate published by Eurostat, the statistical office of the European Union. These declines follow falls in the fourth quarter of 2020(-0.7% in the euro areaand -0.5% in the EU) after a strong rebound in the third quarter of 2020 (+12.5% in the euro areaand +11.7% in the EU) and the sharpest decreases since the time series started in 1995 observed inthe second quarter of 2020 (-11.6% in the euro areaand -11.2% in the EU

Read more at: 2-18052021-AP-EN.pdf