Europe's economy shrank. For households that are hurting, it's just numbers https://koreatimes.co.kr/www/nation/2023/06/501_352607.html?utm_source=fl
The Korea TimesEurope's economy shrank. For households that are hurting, it's just numbers The European economy contracted slightly at the end of last year and beginning of 2023, revised figures showed Thursday, underlining the impact of the loss of Russian natural gas and high inflation on consumer spending. Economic output in the 20 countries that use the euro currency dropped 0.1% in both the final three months of 2022 and first three months of this year from the previous quarters, according to the European Union's statistics agency Eurostat.