ECB de Guindos: Drop in Q2 GDP better than expected

<p>ECB Vice President Luis de Guindos said &#8220;high frequency data, most recent data that the ECB is receiving shows that drop in Q2 likely to be better than expected.&#8221; The central bank had expected -13% contraction in Q2&#8217;s GDP. But he now sees contraction &#8220;slightly better&#8221;. He also hoped that &#8220;European governments response is proportionate [&#8230;]</p>
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