A recession is generally defined as when an economy shrinks for two three-month periods, or quarters, in a row. The eurozone has been hit by rising food and energy prices that have weighed on households.
The Eurozone, which consists of 20 member states of European Union that have adopted the Euro as their primary currency, has fallen into recession. The recession is likely to have a number of negative consequences for the eurozone economy. It will lead to job losses, lower incomes, and a decline in economic activity.
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Europe's Economic Crisis: An Overview of the Recession in the Eurozone.
A recession is generally defined as when an economy shrinks for two three-month periods, or quarters, in a row. The eurozone has been hit by rising food and energy prices that have weighed on households.
The Eurozone, which consists of 20 member states of European Union that have adopted the Euro as their primary currency, has fallen into recession. The recession is likely to have a number of negative consequences for the eurozone economy. It will lead to job losses, lower incomes, and a decline in economic activity.
Today's Headline in NewsHours
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2:45 #WhatsApp launches new 'Channels' feature
3:13 #Google to discontinue Google Drive service for Windows 8 and 8.1 versions
3:38 Govt offering free tools to detect and remove malware from phone
4:05 #Adobe to bring AI image generation capabilities to Google Bard
4:35 Reliance Jio launches Apple AirTag-rival - JioTag
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Europe's Economic Crisis: An Overview of the Recession in the Eurozone
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Zero can sometimes be good!
While there is a risk of global recession, India has zero probability of slipping into recession.
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While there is a risk of global recession, India has zero probability of slipping into recession.
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#Threat_of_economic_recession #Minister_for_Small_and_Medium_Enterprises #Narayan_Rane #modi_government #economic_slowdown
India is facing the threat of economic recession. Union Minister for Micro, Small and Medium Enterprises Narayan Rane says that the government is also expecting an economic slowdown in the country.
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आर्थिक मंदी की चपेट में आया रियल एस्टेट | Real estate also in the grip of economic recession
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Eurozone economy getting worst
The eurozone economy deteriorated markedly in April, according to the latest business surveys.
The services sector shrivelled at a much faster rate last month than initially thought.
Markit, the company that compiles the data from surveying purchasing managers at companies, said we are looking at a 0.5 percent contraction in the eurozone economy in the quarter with the recession extending through to the middle of the year.
'Little can be said to remain of any 'core' of strength in the region,' said Chris Williamson, chief economist at Markit.
'Growth has practically ground to a halt even in Germany, and France has joined Italy and Spain in seeing a strong rate of economic decline.'
Following the European Central Bank's policy meeting on Thursday, President Mario Draghi spoke of a gradual economic recovery taking place in the euro zone during the course of the year, although he did speak about risks.
The PMI surveys, however, have a much better record of tracking economic growth than the forecasts of ECB policymakers.
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IND vs SA | World Cup T20 2024 | Final | Match Preview and Stats | Fantasy 11 | Crictracker
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IND vs ZIM | T20 | Match Preview and Stats | Fantasy 11 | Crictracker
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IND vs BAN | T20 | Match Preview and Stats | Fantasy 11 | Crictracker
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IND vs SL | T20 | Match Preview and Stats | Fantasy 11 | Crictracker
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Welcome to the exhilarating showdown between India vs Sri Lanka in the T20 series! Get ready for an electrifying clash as these two powerhouse teams, fueled by raw talent and strategic brilliance, lock horns for cricketing supremacy.
Join us as the India, led by their charismatic captain, face off against the Sri Lanka, determined to showcase their prowess on the pitch. With star-studded lineups boasting top-tier international players and emerging talents, expect nothing short of cricketing excellence and heart-stopping moments.
Don't miss a single moment of the action, drama, and excitement as these teams battle it out in the high-stakes arena of this T20 Final. From breathtaking boundaries to strategic masterstrokes, witness every twist and turn in this epic showdown.
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