Eurozone slips into recession as revised data shows two quarters of economic contraction
Eurozone slips into recession as revised data shows two quarters of economic contraction
www.cnn.com Eurozone slips into recession as revised data shows two quarters of falling output | CNN Business
The 20 countries that use the euro fell into a mild recession around the turn of the year, as high inflation discouraged consumer spending and governments tightened the purse strings.
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Quick question, wasn't that true for the US as well for a while? I seem to remember them meeting the same criteria for a recession, but the White House just said "it doesn't count!"
yup, they just decided to redefine recession instead of admitting they're in one