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Although the eurozone economy is rapidly losing momentum, growth in 2020 might be supported by a higher number of working days. While insufficient to reverse the slowdown, extra working days are likely to add 0.2 percentage points to GDP growth next year
Quarterly growth rates are typically adjusted for seasonal variations and the number of working days. Without this modification, growth would show a very sawtooth pattern, as some quarters have more working days and some economic activities are typically weaker in a particular season (think