Eurozone economy ‘stuck in the mud’ – economist ...News

The region is headed for a recession, experts tell Bloomberg The lingering economic downturn in the Eurozone signals that the region may plunge into a recession by the end of the year, Bloomberg reported on Thursday, citing economists and private-sector activity surveys. According to S&P Global, the purchasing managers’ index (PMI) in the region continued to shrink in November, plunging to 47.1 points, the sixth consecutive monthly reading below 50 – the threshold separating contraction from growth. The same trend was seen in both manufacturing and services. “The Eurozone economy is stuck in the mud,” Hamburg Comm

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