Eurozone economy shrinks by 0.1%, putting it at brink of recession
by Larry Elliott Economics editor from on (#6G0FA)
Ireland posts biggest decline, while Germany contracts by 0.1% and France grows by 0.1%
The eurozone is teetering on the brink of a winter recession after the latest official figures showed its economy contracted by 0.1% in the third quarter of 2023.
In a worse than forecast performance, the 20-nation single currency zone has now failed to grow in three of the past four quarters, leaving its economy only 0.1% higher than it was a year earlier.
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