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.
Two consecutive quarters of negative growth in GDP is considered as a recession.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.