20-Nation Eurozone Economy Falls Into Technical Recession

20-Nation Eurozone Economy Falls Into Technical Recession
A flag of the European Union waves in the wind near a traffic light showing red in Berlin, Germany, on Nov. 30, 2011. Sean Gallup/Getty Images
Katabella Roberts
Updated:
0:00

The economy of the 20-nation eurozone fell into a technical recession in the first three months of 2023, according to data from the European statistics agency Eurostat published on June 8.

Eurozone gross domestic product (GDP), seasonally adjusted, fell by 0.1 percent in the first quarter compared with the fourth quarter of 2022, according to revised data.

Katabella Roberts
Katabella Roberts
Author
Katabella Roberts is a news writer for The Epoch Times, focusing primarily on the United States, world, and business news.
Related Topics