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Money Land Forum / Business / European Union zone just escapes a recession (1 Post | 34 Views)
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European Union zone just escapes a recession by sundaysamuel381(m) : 3:28 pm On Jan 30 |
The economies of the entire European Union member countries, comprising its 27 members, escaped a recession in the last quarter of 2023. Generally speaking, two quarters of economic contraction in a row constitute a recession. In the second half of 2023, the European Union member states surprisingly avoided its first recession since the pandemic, with stronger growth in Spain and Italy offsetting Germany’s economic woes. Following a 0.1% fall between July and September, the gross domestic product declined by just the narrowest of margins during the final three months of the year, remaining stagnant. https://samsunblog.com/2024/01/30/european-union-zone-just-escapes-a-recession/ |
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