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THE IMPACT OF THE ENERGY CRISIS: The euro zone entered into a mild recession in 1Q 2023, as revised data showed a 0.1% q-on-q contraction during the period, following an also 0.1% contraction in Q4 2022. https://t.co/f2vULHAcIY
— Javier Blas (@JavierBlas) June 8, 2023
It’s a small price to pay for gay marriage in Donetsk.
Europeans need to get better at shutting their filthy mouths and supporting democracy.
The euro zone economy was in a technical recession in the first three months of 2023, data from European statistics agency Eurostat showed on Thursday, after downward revisions of growth in both the first quarter and the final quarter of 2022.
Gross domestic product (GDP) for the 20-country euro zone fell by 0.1% in the first quarter compared with the fourth of 2022 and was 1.0% up from a year earlier, Eurostat said in a statement.
That compared with flash estimates of growth of 0.1% and 1.3% published on May 16. Economists polled by Reuters had forecast on average respectively zero and 1.2% expansion.
The revision was principally due to a second estimate from Germany’s statistics office showing that the euro zone’s largest economy was in recession in early 2023.
The contraction in Ireland’s economy widened to 4.6% from a preliminary estimate of 2.7%, although this negative was due to the impact of large multinationals on growth there.
The euro zone figure for the fourth quarter of 2022 was also cut to -0.1% from a previous reading of zero.
A recession had been expected towards the end of last year as the euro zone wrestled with high energy and food prices and as a post-pandemic spending boom faded, but initial estimates had suggested the region had avoided this.
Time to buckle up your bootstraps, bucko.
We’re in the long war against the ideology of totalitarianism, i.e., white heterosexuals.
Nothing is ever going back to normal, especially because we’re also at war with the weather and so on.
We’re turning the world into a block of ice by eating bugs.
Stop crying, bucko.
