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Eurozone – On brink of double-dip recession

The eurozone is on the brink of following Britain into a double-dip recession after its economy shrank between April and June.

GDP across the 17-nation bloc fell by 0.2% in the second quarter of this year and economists believe the downturn is continuing. Better-than-expected figures from Germany and France were offset by sharp contractions elsewhere, with the Spanish, Italian, Finnish and Portuguese economies all shrinking. The wider European Union also suffered a 0.2% contraction…

via Eurozone on brink of double-dip recession as growth falls 0.2% | Business | The Guardian.

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