LONDON—The downturn in eurozone business activity eased slightly in November offering a glimmer of hope the expected recession may be shallower than feared, but consumers still cut spending amid a cost of living crisis, a survey showed on Wednesday.
There has been mounting evidence the bloc is entering a recession and in a Reuters poll published on Tuesday economists gave a 78 percent chance of one within a year, with GDP expected to fall 0.4 percent this quarter and next.
