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.