PARIS — The eurozone is now in its longest ever recession – beating even the calamitous slump that hit the region in the financial crisis of 2008-9.
The European Union statistics office said Wednesday that nine of the 17 EU countries that use the euro are in recession, with France a notable addition to the list. Overall, the eurozone's economy contracted for the sixth straight quarter, slumping by 0.2 percent in the January-March period from the previous three months.
The European Union statistics office said Wednesday that nine of the 17 EU countries that use the euro are in recession, with France a notable addition to the list. Overall, the eurozone's economy contracted for the sixth straight quarter, slumping by 0.2 percent in the January-March period from the previous three months.