European Union’s Worst Nightmare Comes True: Recession is Here | Europe Energy Crisis

Officially entered two-quarters of Contraction

The signs are quite telling. Europe has officially entered two-quarters of contraction. That means a minimum of six more months of the economy continuing its free fall. To make matters worse, the European Commission believes that inflation hasn’t peaked yet. Mind you, inflation in the eurozone has already reached a record high of 10.7% in October, according to Eurostat’s data of last month. Watch to know more.
 
Credit to : Firstpost