Ad
Insights
Eurozone enters technical recession Eurozone enters technical recession

Eurozone enters technical recession

Eurozone entered a technical recession in Q1 2023

Quick Take

  • After contracting for two consecutive quarters, the entire eurozone region fell into a recession in Q1 2023.
  • Both consecutive quarters saw negative quarters in Q4 2022 and Q1 2023.
  • At the end of May, it was reported that Germany went into a recession.
Eurozone: (Source: Trading Economics)
Eurozone: (Source: Trading Economics)