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Eurozone in recession at start of 2023: official data

Updated: 2023-06-08 17:29

People stand in front of the Euro sculpture in Frankfurt, Germany, on Aug 22, 2022. [Photo/Xinhua]

BRUSSELS - The eurozone entered into a technical recession at the start of the year, shrinking by 0.1 percent for a second consecutive quarter, figures from the EU's statistic agency showed Thursday.

Eurostat revised down an earlier forecast that had predicted slight growth, after economic powerhouse Germany said last month it had fallen into recession.

AFP

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