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Thanks. The news articles I read last month regarding Eurozone technical recession mentioned Eurostat as their source. Eurostat themselves used the "2 quarters
by scrlk 3y ago
Thanks. The news articles I read last month regarding Eurozone technical recession mentioned Eurostat as their source. Eurostat themselves used the "2 quarters of declining GDP is a technical recession" line:
"The GDP decrease in the euro area is the second consecutive quarterly contraction, which means that the euro area economy is in a technical recession."
https://ec.europa.eu/eurostat/statistics-explained/index.php?title=Eurostatistics_-_data_for_short-term_economic_analysis https://ec.europa.eu/eurostat/statistics-explained/index.php...
All a bit confusing to the layman!