Eurozone slips into recession

Eurozone GDP declined 0.1% in the first three months of the year after falling by the same amount in the final quarter of 2022

EUROZONE GDP QUARTERLY GROWTH RATE (%)

-3.4 -11.5 12.4 -0.3 0 2.0 2.3 0.6 0.6 0.9 0.4 -0.1 -0.1

 12 10 8 6 4 2 0 0 -2 -4 -3.4 -6 -8 -10 -12
       
Q1 Q2 Q3 Q4
2020

Q1 Q2 Q3 Q4
2021

Q1 Q2 Q3 Q4
2022

Q1
2023
 
First time eurozone has entered recession since Covid-19 pandemic

Recession defined as two successive quarters of contraction            

Sources: Reuters, New York Times, Trading Economics
Picture: Getty Images
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