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WSJ — World — Eurozone Recession — Economy — Inflation — Monetary Policy

Eurozone Slides Into Recession as Inflation Hurts Consumption

Eurozone slides into recession due to Germany and Ireland, while inflation negatively affects consumption. Economists expect slow and protracted recovery for Europe.

1 min read
  • Eurozone economy slips into recession due to weakness in Germany and Ireland.
  • Inflation continues to affect consumption negatively despite recent softening.
  • US economy continues to grow thanks to robust consumption, employment and market rally.
  • European Central Bank raises interest rates to fight inflation.
  • Economists expect slow and protracted recovery for the continent later this year.
Eurozone Slides Into Recession as Inflation Hurts Consumption
Weaknesses in Germany and Ireland more than offset growth in other economies at the start of the year
WSJPaul Hannon and Bert

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