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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