Eurozone is already in recession on energy squeeze, says UBS

The 19-nation economy will shrink by 0.1% in the third quarter and 0.2% in the fourth, the analysts predicted Thursday in a report to clients. Despite that, they upgraded their full-year outlook after a strong performance in the three months through June. The growth forecast for 2023 was cut to 0.8% from 1.2%.

via Economictimes