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

submitted 9 months ago* (last edited 9 months ago) by Sagan@eslemmy.es to c/europe@feddit.de

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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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this post was submitted on 12 Dec 2023

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