Eurozone exports fall by a quarter

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The Independent Online

Eurozone exports plunged by 24 per cent in February against a year earlier and imports fell by more than a fifth, showing the severity of the global trade slump and pointing to shrinking GDP in the first quarter. "The data support the picture that eurozone GDP could have fallen more sharply in Q1 than Q4," said Capital Economics' Jennifer McKeown, predicting GDP could fall by even more than the expected 4 per cent this year.