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Euro-Area Entered Recession in Q4/Q1

MNI (London)
  • Eurozone Q1 GDP was revised downwards to -0.1% q/q from +0.1% q/q initially in today's final release. Following the revision of the Q4 print to -0.1% q/q implies that the eurozone has now entered an (albeit very shallow) technical recession.
  • The last recession for the bloc was in Q1/Q2 2020 at the onset of the pandemic.

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