Latest data released by Eurostat – 30 April 2021
- Prior -0.7%
- GDP -1.8% vs -2.0% y/y expected
- Prior -4.9%
A tad better than estimates as this reaffirms some added resilience seen in the Eurozone economy during Q1. Nonetheless, it still confirms a double-dip recession in the region but the positive takeaway is that things aren’t as bad as feared and with the vaccine rollout gathering pace, hopes for a strong rebound in 2H 2021 may yet materialise.