Eurozone Enters Technical Recession Despite Job Growth, Regional Economic Divides Deepen
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Eurozone GDP shrank 0.1% quarter-on-quarter in Q3, confirming expectations of a technical recession.
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Employment rose 0.3% quarter-on-quarter despite economic contraction.
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Growth varied across Eurozone, with France and Spain expanding but Germany and Italy stagnant.
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High inflation, interest rates and tightening fiscal policy are headwinds to growth.
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ECB ended its streak of rate hikes in October amid high uncertainty, will follow data-dependent approach going forward.