Feb 02, 2021: The European economy shrank 6.8 percent in 2020, official data showed on Tuesday, but this was less than expected given the devastating consequences of the covid-19 pandemic.

The first estimate from the EU's Eurostat agency was much better than the EU commission's forecast of 7.8 percent.

The agency said that the EU economy as a whole shrank by 6.4 percent in 2020.

AFP/APP

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