Due to weak consumer spending, the euro area economy shrank at a faster than initially estimated rate in the fourth quarter of 2020, revised data from Eurostat showed on Tuesday.
Gross domestic product declined 0.7 percent sequentially instead of 0.6 percent estimated on February 16. The fall reversed a record 12.5 percent rebound seen in the third quarter.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
For comments and feedback: editorial@rttnews.com