Euro Area to Suffer First Recession Since Pandemic, Survey Shows

Economists see GDP shrinking 0.1% in final quarter of 2023.

The euro zone will succumb to its first recession since the pandemic, with the economy shrinking for a second straight quarter in the final months of the year, according to a Bloomberg poll of analysts.

The 0.1% contraction now predicted between September and December compares with the previous survey’s projection for output to remain unchanged.