Euro zone is now in a recession

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TheButcher
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Euro zone is now in a recession

#1

Post by TheButcher » June 8th, 2023, 1:47 pm

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

HeelMike
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#2

Post by HeelMike » June 8th, 2023, 8:47 pm

Time to go buy a vacation home in Europe




voyeurz
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#3

Post by voyeurz » June 9th, 2023, 7:25 am

Let us see if it crosses the Atlantic and affects our economy




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DonMK
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#4

Post by DonMK » June 9th, 2023, 7:57 pm

voyeurz wrote:
June 9th, 2023, 7:25 am
Let us see if it crosses the Atlantic and affects our economy


When one market goes south the others falter too




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Britporn_Mike
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#5

Post by Britporn_Mike » June 10th, 2023, 7:51 am

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.




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koster
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#6

Post by koster » June 11th, 2023, 8:35 am

HeelMike wrote:
June 8th, 2023, 8:47 pm
Time to go buy a vacation home in Europe
A good idea if you have some spare cash




Emil
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#7

Post by Emil » June 12th, 2023, 4:32 am

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.




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tacnet
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#8

Post by tacnet » June 12th, 2023, 6:51 am

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

misterporn
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#9

Post by misterporn » June 13th, 2023, 5:53 am

recessions are a normal part of the business cycle they will happen what ever you do.




blingman
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#10

Post by blingman » June 15th, 2023, 7:04 pm

misterporn wrote:
June 13th, 2023, 5:53 am
recessions are a normal part of the business cycle they will happen what ever you do.
what goes up has to come down one day




greatpornlinks
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#11

Post by greatpornlinks » June 16th, 2023, 12:21 pm

Which country in Europe has been hit the hardest.
Never have your honey where you make your money.
~ HeidiHoe 2023

BrentG
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#12

Post by BrentG » June 18th, 2023, 7:21 am

People with money make money in any economic cycle




Euro zone is now in a recession

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