Belgium Revises Q2 GDP Decline

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Wednesday, the National Bank of Belgium said in a report that the gross domestic product or GDP fell a seasonally and calender adjusted 0.3% sequentially in the second quarter, revised from 0.4% decline estimated initially. In the first quarter, the GDP was down 1.7%.

On an annual basis, the GDP dropped 3.7% in the second quarter, compared with a 3.1% fall in the previous quarter. The second quarter GDP was revised from 3.8% drop reported initially.

Wednesday, the National Bank of Belgium said in a report that the gross domestic product or GDP fell a seasonally and calender adjusted 0.3% sequentially in the second quarter, revised from 0.4% decline estimated initially. In the first quarter, the GDP was down 1.7%. (Market News Provided by RTTNews)