economic-contraction

Authors of the study: Pasquale Borrelli, David A. Robinson, Panos Panagos, Emanuele Lugato, Jae E. Yang, Christine Alewell, David Wuepper, Luca Montanarella, and Cristiano Ballabio / Wikimedia (CC BY 4.0)

Eurozone GDP Contracts 1% in Q2 2026, First Decline Since Late 2024

The eurozone economy contracted in April for the first time in 16 months, driven by the ongoing Middle East war. Preliminary data indicates a 0.1% GDP decline in the second quarter of 2026. The service sector experienced its sharpest fall since early 2021 pandemic lockdowns.