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Economic Data - Europe’s economy risks a recession after output falls in the third quarter
The euro area economy risks falling into recession later this year after official data Tuesday showed that output shrank in the third quarter.
Eurozone GDP: economy shrank by 0.1% in last quarter, as inflation falls – business live
Eurozone growth has weakened, as price pressures drop, as high interest rates and weak demand hit Europe’s economy. UK company insolvencies have soared this year 11:08 Back in the UK, company insolvencies have been running at the highest level since 2009 over the last six months.
Italian Economy Avoids Recession by Narrowest of Margins
Italy’s economy stagnated in the third quarter — just dodging a recession as Prime Minister Giorgia Meloni battles to keep output expanding while also limiting debt.Most Read from BloombergSaudi Forces on Alert After Clash With Iran-Backed HouthisInnovent,
Oil rises as supply concerns offset weak China data
Oil prices rebounded in Asian trade on Tuesday, after a drop of more than 3% in the previous session, as worries over supply stirred by conflict in the Middle East offset dismal China data. December Brent crude futures,
China’s factory activity contracts in blow to economic momentum
China’s manufacturing activity unexpectedly contracted in October, damping hopes of increasing momentum in the world’s second-largest economy.