Eurozone likely in recession – ECB ...News

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Eurozone likely in recession – ECB
source : Russia Today ( News ) () 34
The single-currency bloc suffered an economic contraction in the third quarter of 2023, according to the central bank The Eurozone probably failed to grow at the end of last year early indicators suggest, European Central Bank’s (ECB) Vice-President Luis de Guindos has stated. In comments at a conference in Madrid on Wednesday, de Guindos highlighted that economic activity has continued to show clear weakness. “Soft indicators point to an economic contraction in December too, confirming the possibility of a technical recession,” he stated. A technical recession is usually defined as two consecutive quarters of dec

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