Eurozone Enters A Technical Recession

PUBLISHED ON: June 8, 2023 | Duration: 3 min, 37 sec

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The Eurozone has been confirmed as entering a 'technical recession' after the region shrank by 0.1% in Q1 2023, marking two consecutive quarters of contracting GDP. The slowdown comes after higher energy prices contributed to curbing demand in Europe's largest economy and surging inflation.
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