EU states edging toward recession – Bloomberg ...News

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EU states edging toward recession – Bloomberg
source : Russia Today ( News ) () 31
Economic output is plummeting as governments try to fight multiple crises EU countries in Central and Eastern Europe experienced an economic slowdown in the third quarter of this year, with Hungary and the Czech Republic sliding into technical recessions, Bloomberg reported on Tuesday. The cost of living crisis, which stems largely from skyrocketing energy costs, is hitting households and businesses with unprecedented inflation and soaring interest rates across the bloc. Poland, the region’s biggest economy, saw annualised GDP growth of 3.5% between July and September, compared to 5.5% in the previous quarter. Out

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