Europe’s economy risks a recession after output falls in the third quarter

Europe’s economy risks a recession after output falls in the third quarter

The euro area economy risks falling into recession later this year after official data Tuesday showed that output shrank in the third quarter.

Europe’s economy risks a recession after output falls in the third quarter - Egypt Independent

London CNN  —  The euro area economy risks falling into recession later this year after official data Tuesday showed that output shrank in the third quarter. Gross domestic product across the 20 countries that use the euro fell 0.1 percent in the July-to-September quarter compared with the previous three months, according to an initial estimate published by Eurostat, the European Union’s statistics office. The dip follows a rise of only 0.2 per…