Eurozone economy averted recession in Q4 2023 due to higher interest rates, cost-of-living crisis, and weak global demand.

The eurozone economy narrowly avoided a technical recession in the second half of 2023, stagnating in the final three months of the year, according to official data. Factors contributing to this situation include higher interest rates, a cost-of-living crisis impacting household spending, and weakening global demand.

January 29, 2024
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