EU: The Eurozone will avoid Recession this Winter

EU | January 31, 2023, Tuesday // 13:06|  views


The Eurozone economy will avoid recession this winter after growing by 0.1% in the fourth quarter of 2022, according to official data from the European Union's Statistics Agency.

The figure was lower than the 0.3% growth recorded in the third quarter of 2022, but better than economists' forecasts for a contraction.

The European Union's statistics agency also said the single currency area's economy grew by 3.5% in 2022.

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Tags: Eurozone, recession


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