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Eurozone Economy In Recession

Por: RTTNews Business June 08, 2023

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Euro area entered a technical recession in the first quarter following the downward revisions to Germany and Ireland data.Gross domestic product shrank 0.1 percent sequentially after posting a similar fall in the fourth quarter, the latest estimate from Eurostat showed Thursday. The first quarter GDP figure was revised down from the 0.1 percent expansion estimated initially. Two consecutive quarters of negative growth is defined as a technical... + full article



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