Eurozone GDP fell by 12.1% in the second quarter of the year, its biggest single quarter drop in history as the coronavirus' true impact on the continent's economy emerges. GDP fell by 12.1% in the euro area and 11.9% in the wider EU in the second quarter of the year, data by Eurostat showed Friday. This is significantly higher than Q1 contraction figures, where GDP fell by 3.6% in the euro area and by 3.2% in the EU. GDP levels were also 15% lower in the euro area compared to Q2 2019, and 14.4% lower in the EU. Countries that were most hard hit were Spain, whic hsuffered an 18.5% decline in Q2 compared to the ... (full story)