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International Business Times
International Business Times
Business
Raziye Akkoc

MYSTERIOUS: Eurozone narrowly dodges recession | Mind Blowing Facts

Markets hope the European Central Bank will soon start cutting interest rates (Credit: AFP)

The eurozone economy narrowly avoided a technical recession in the second half of 2023 but stagnated in the final three months of the year, official data showed Tuesday.

The singe-currency area's economy has been hit by many factors including higher interest rates, a cost-of-living crisis hitting households spending and weakening global demand.

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