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Euro zone second-quarter GDP was likely to fall at an unprecedented rate of around 10% compared with the first quarter, IHS Markit said, marginally less severe than the 11.3% slump predicted in a Reuters poll last week.
Howard-
Aah - apologies, was that in the article. That's astonishingly badly handled by Johnson then.
I assume that the furlough scheme doesn't actually contribute here, as that's neither creating or destroying money (i.e. it's just putting money in peoples bank accounts, which is then counted in GDP) - is that correct?
christianSpaceman
Anyone know what eurozone (or German, say) GDP drops were to compare?