The euro area economy slipped into a recession in the first quarter, revised data from Eurostat showed on Thursday.
Gross domestic product shrank 0.1 percent sequentially after posting a similar fall in the fourth quarter. The first quarter GDP figure was revised down from the 0.1 percent expansion estimated initially.
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Business News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.