Europe's economy ticks up in the first quarter | CNN Business

Europe’s economy avoided a recession over the winter, picking up pace slightly in the first quarter of 2023 despite Russia’s war in Ukraine and sizable interest rate hikes aimed at fighting inflation. Economic output in the European Union rose 0.

3% in the first three months of 2023 compared with the previous quarter, according to an initial estimate of gross domestic product released Friday. Among the 20 countries that use the euro, output increased 0.1%. During the last three months of 2022, GDP — the broadest measure of an economy’s health — fell 0.1% in the European Union and was flat in the euro zone. A recession technically occurs when an economy contracts for two consecutive quarters.

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Europe's top real estate sector hit as office sales plummet | CNN BusinessEuropean commercial real estate investment fell to its lowest in 11 years in the first quarter of 2023, MSCI Real Assets said on Thursday, as investors spooked by higher interest rates and the economic outlook put acquisition plans on ice.
Fuente: cnni - 🏆 326. / 59 Leer más »

Samsung's semiconductor business posted massive losses for Q1 2023 | EngadgetSamsung's earnings results for the first quarter of 2023 are in, and they're a massive departure from the same period's last year wherein it reported a steep rise in profit..
Fuente: engadget - 🏆 276. / 63 Leer más »