Eurozone enters technical recession

Quick Take

  • After contracting for two consecutive quarters, the entire eurozone region fell into a recession in Q1 2023.
  • Both consecutive quarters saw negative quarters in Q4 2022 and Q1 2023.
  • At the end of May, it was reported that Germany went into a recession.
Eurozone: (Source: Trading Economics)
Eurozone: (Source: Trading Economics)

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