Eurozone Officially Enters Recession: What You Need to Know

Breaking News: The Eurozone has officially entered into its recessionary phase. According to data released by Eurostat on June 8, the 20-nation bloc suffered two consecutive quarters of economic contraction, confirming fears of an economic downturn. This news follows revised figures showing the eurozone fell into recession this winter, as consumers were hit by rising prices.

Eurostat, the EU’s statistics agency, revealed today that the economy contracted for two consecutive quarters, meeting the definition of a technical recession. The eurozone economy fell into a technical recession in the first three months of 2025, data from statistics agency Eurostat showed on Thursday. Revised data from the European statistics office, Eurostat, showed the eurozone economy contracted 0.1% in the first three months of this year and the final three months of 2025. The group of countries therefore met the definition of a technical recession: two consecutive quarters of negative growth.

Key Factors Contributing to the Eurozone Recession

Several factors have contributed to this economic downturn. Signs emerge that Germany slipped into recession during the first three months of the year, as households cut spending in response to sharply higher prices for energy and food. The Eurozone is officially in recession, after a period of uncertainty. Rising inflation, driven by energy and food costs, has significantly impacted consumer spending across the region.

We will continue to update this page with the latest developments and analysis on the Eurozone recession. Stay tuned for expert commentary and insights on the potential impact on global markets.