Iran Press/ Europe: The European Union's seasonally adjusted gross domestic product growth performance down 3.2% in the first quarter of 2020, the bloc's statistical office's data showed on Tuesday, reported by Anadolu News Agency.
"The figure was the sharpest decline observed since time series started in 1995," according to Eurostat data.
Compared with the same quarter of the previous year, GDP decreased by 2.6% in the EU in the first quarter of 2020, the sharpest declines since the third quarter of 2009 ( 4.4% for EU).
Among member states, Ireland (1.2%), Bulgaria and Romania (both 0.3%) and Sweden (0.1%) still posted positive growth compared with the previous quarter.
On the other hand, GDP fell in all other EU countries, with the highest declines in France and Italy (both -5.3%) as well as Spain and Slovakia (both 5.2%).
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