Mexican Media Brands
Eurozone Slides into Recession
The economy of the eurozone, which contracted 0.2% in the second quarter of this year, shrank 0.1% in the July-September period, according to Eurostat, the EU statistics agency.
#economics
Share
The economy of the eurozone, which contracted 0.2% in the second quarter of this year, shrank 0.1% in the July-September period, according to Eurostat, the EU statistics agency.
The data confirms that the region's economy has slipped back into recession, which is defined as two consecutive quarters of contraction.
Economists warn that the region's gross domestic product could decline more sharply in the final three months of this year. The prospect is spreading gloom among foreign companies that rely on Europe for a significant portion of their sales.
The broader EU economy, which shrank 0.2% in the April-June period, eked out 0.1% growth in the third quarter.
RELATED CONTENT
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.
-
GM: The Drive to Profitability, Part 1
General Motors released rather impressive numbers for 2015.