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- The eurozone fell into recession this winter, revised figures show, as consumers were hit by rising prices. The economy of the 20 nation-bloc contracted by 0.1% between January and March, after also shrinking in the final three months of 2022.
www.bbc.com/news/business-65844370
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May 15, 2024 · The Commission has published a new forecast for the EU economy, with a more upbeat scenario for consumers. After a downturn in economic activity in 2023, inflation rates will continue to drop and the EU economy should gradually grow in 2024.
Feb 15, 2024 · Following subdued growth last year, the EU economy has entered 2024 on a weaker footing than expected. The European Commission’s 2024 Winter interim Economic Forecast revises growth in both the EU and the euro area down for 2023 and 2024.
May 15, 2024 · The EU economy staged a comeback at the start of the year, following a prolonged period of stagnation. Though the growth rate of 0.3% estimated for the first quarter of 2024 is still below estimated potential, it exceeded expectations.
Jan 30, 2024 · FRANKFURT, Germany (AP) — Europe’s economy failed to expand at the end of 2023, dragging out the stagnation for more than a year amid higher energy prices, costlier credit and a downturn in former powerhouse Germany.
May 20, 2024 · Meanwhile, northern Europe suffered more from higher gas prices after Russia invaded Ukraine. With inflation less of a problem, monetary policy can now support Europe’s recovery.
The euro area economy has also been more heavily affected by the fallout from Russia’s war against Ukraine. The economic impact of Russia’s invasion of Ukraine in early 2022 as well as the ensuing energy crisis and food inflation spikes had a particularly severe impact on the euro area economy.
Jun 8, 2023 · The eurozone fell into recession this winter, revised figures show, as consumers were hit by rising prices. The economy of the 20 nation-bloc contracted by 0.1% between January and March, after...
