Eurozone economic growth rate-7.7% New Corona's biggest drop at 4:54 on May 7
It has become clear that the economic growth rate of the euro area such as Germany and France will fall to 7.7%, the largest drop ever due to the impact of the new coronavirus.
According to what the European Commission, which is the executive body of the EU, announced on the 6th, the growth rate of GDP (Gross regional product) for 19 countries in the euro area during the year was minus 7.7% compared to the previous year. It means that
This is the largest drop since 1996, which is comparable.
By country, Italy is minus 9.5%, Spain is minus 9.4%, France is minus 8.2%, Germany is minus 6.5%, and so on.
At the same time, the unemployment rate has also deteriorated significantly, and it is expected to rise to 9.6% from 7.5% last year.
Due to the impact of the new coronavirus, the economic growth rate in the euro area was already minus 3.8% in the first quarter of this year, and this forecast shows that the severe downturn will continue from the second quarter onwards. is.
On the other hand, next year, with a positive 6.3%, the European Commission said, "Corporate investment remains subdued and the labor market is unlikely to recover, and we will not be able to make up for this year's loss completely within next year. "It's been over 20 years since the introduction of the single currency Euro, and we are facing the biggest recession.