Latest data released by Eurostat - 31 July 2020
- Prior (Q1) -3.6%
- GDP -15.0% vs -14.5% y/y expected
- Prior -3.1%
The Eurozone economy posted a record slump in Q2, matching estimates as the impact of lockdown measures and the fallout from the virus outbreak is laid out for all to see. On a more positive note, inflation ticked higher and that will be the more important takeaway for ECB policymakers should the trend be able to be sustained towards the year-end.
