Tag: Eurozone

Eurozone economic downturn steepens in July
Posted in Europe News

Eurozone economic downturn steepens in July

 July 24, 2023  Leave a Comment on Eurozone economic downturn steepens in July

BRUSSELS: Eurozone economic activity shrank at its fastest rate in eight months in July, as a contraction gathered pace on the back of cuts in…

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The outcome will come as a blow after politicians and European Central Bank officials said repeatedly that a downturn could be averted even as inflation rocketed to its highest level since the euro was introduced.
Posted in Business

20-nation Eurozone dips into recession, economy shrinks by 0.1% in Jan-March

 June 8, 2023  Leave a Comment on 20-nation Eurozone dips into recession, economy shrinks by 0.1% in Jan-March

The euro area suffered the mildest possible recession during the winter after Russia’s war in Ukraine sent energy prices soaring. The outcome will come as…

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