The eurozone entered into a technical recession at the start of the year, according to revised data, as rising inflation hit consumer spending.
The economy shrank by 0.1pc for a second consecutive quarter in the first three months of 2023, figures from the EU’s statistic agency showed.
Eurostat revised down an earlier forecast that had predicted slight growth, after the continent’s largest economy Germany said last month it had fallen into recession.
Read More : Eurozone Slips into Recession as Economic Contraction Deepens