Euro zone is now in a recession
- TheButcher
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Euro zone is now in a recession
The increase in cost of energy across Europe has been a major factor in this if you ask me.
"The eurozone fell into recession this winter, revised figures show, as consumers were hit by rising prices.
The economy of the 20 nation-bloc contracted by 0.1% between January and March, after also shrinking in the final three months of 2022.
A recession is generally defined as when an economy shrinks for two three-month periods, or quarters, in a row."
https://www.bbc.com/news/business-65844370
"The eurozone fell into recession this winter, revised figures show, as consumers were hit by rising prices.
The economy of the 20 nation-bloc contracted by 0.1% between January and March, after also shrinking in the final three months of 2022.
A recession is generally defined as when an economy shrinks for two three-month periods, or quarters, in a row."
https://www.bbc.com/news/business-65844370
- Britporn_Mike
- Posts: 596
- Joined: May 3rd, 2018, 2:43 pm
I feel the pain at the petrol station and super market every week even though we never had the Euro it's all the same mess.
A good idea if you have some spare cash
It is still way too expensive to go visit for 2 weeks,I checked out hotel and car rental rices in Paris and Rome, you can easily spend $500 a night for a decent room and car per day.
From what I understand, this is just the tail end of the curve after the world had to get itself off of Russian oil.
Most inidicators in Europe and in the US are showing inflation has peaked. But as always manufacturers are keen to put their prices up but not so keen to put them down. Only when they see competition in the market do they bring the prices back down
Most inidicators in Europe and in the US are showing inflation has peaked. But as always manufacturers are keen to put their prices up but not so keen to put them down. Only when they see competition in the market do they bring the prices back down
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recessions are a normal part of the business cycle they will happen what ever you do.
what goes up has to come down one daymisterporn wrote: ↑June 13th, 2023, 5:53 amrecessions are a normal part of the business cycle they will happen what ever you do.
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Which country in Europe has been hit the hardest.
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