Global Economic News

Eurozone Economic Confidence Near 2-Year Low

Eurozone economic confidence weakened to the lowest level in nearly two years in September as all surveyed business sectors reported marked declines, signaling a recession in the currency bloc, survey results from European Commission showed Thursday.

The economic confidence index declined more-than-expected to 93.7 in September from 97.3 in the previous month. The index hit the lowest since November 2020. The expected score was 95.0.

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by Renju Jaya

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