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Euro Area to Suffer First Recession Since Pandemic, Survey Shows

www.bloomberg.com Euro Area to Suffer First Recession Since Pandemic, Survey Shows

The euro zone will succumb to its first recession since the pandemic, with the economy shrinking for a second straight quarter in the final months of the year, according to a Bloomberg poll of analysts.

Euro Area to Suffer First Recession Since Pandemic, Survey Shows

The euro zone will succumb to its first recession since the pandemic, with the economy shrinking for a second straight quarter in the final months of the year, according to a Bloomberg poll of analysts.

The 0.1% contraction now predicted between September and December compares with the previous survey’s projection for output to remain unchanged. A mild recovery is seen at the beginning of 2024.

cross-posted from: https://lemmy.ml/post/9216245

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Euro Area to Suffer First Recession Since Pandemic, Survey Shows