The Eurozone's economic downturn persists as key sectors, including construction and manufacturing, face deepening recession. Industrial production in the region dropped 3.9% year-on-year in June 2024, exacerbating the previous month's 3.3% decline and exceeding market expectations of a 2.9% drop. On a monthly basis, production fell 0.1% in June, following a revised 0.9% decline in May, and missing the anticipated 0.5% increase.
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91 sats \ 1 reply \ @IamSINGLE 14 Aug
It's really very grim in Europe!
If Eurozone falls tomorrow, will it impact India severely?
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0 sats \ 0 replies \ @TomK OP 14 Aug
don't worry, such a construct does not disintegrate from one day to the next, it is a long and very long process of dying institutions that are dysfunctional. should there be such a collapse, the global economy would immediately be affected as well
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47 sats \ 0 replies \ @Satosora 14 Aug
Its only going to keep falling on construction and manufacturing because of costs.
Inflation is really killing everything.
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