Eurozone slips into recession as revised data shows two quarters of economic contraction

Eurozone Officially Slipped Into a Recession This Year, New Data Shows

It’s a mild downturn, with the 20 countries that use the euro dropping by just 0.1% in economic output for two quarters in a row.

The eurozone was ultimately unable to avoid the technical recession, which is mainly explained by data from Germany. On the other hand, Italy, Spain and France showed growth.

Euro zone saw winter recession, more challenges ahead

The euro zone economy fell into a technical recession in the first three months of 2023, data from statistics agency Eurostat showed on Thursday

Eurozone slips into recession as revised data shows two quarters of falling output

By Olesya Dmitracova, CNN London (CNN) — The 20 countries that use the euro fell into a mild recession around the turn of the year, as high inflation discouraged consumer spending and governments tightened the purse strings. In the first three months of the year, economic output in the eurozone dropped 0.1% compared with the previous quarter, according to revised official data published Thursday. In the fourth quarter of 2022, output also dipped…

Eurozone enters technical recession after Germany and Ireland data revised

GDP for the bloc fell by 0.1% in the first quarter from revised drop of  0.1% in fourth quarter of 2022 after

Eurozone in recession as rising prices hit spending

Revised data shows the eurozone's economy contracted at the end of last year and the start of 2023.