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Europe’s Economy Picks Up, Raising Hopes Global Recession Threat Is Receding
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Business activity in the eurozone rose in January after successive declines in the second half of last year, raising the chances that the global economy could avoid a recession this year, economists said.
The unexpectedly upbeat surveys suggest that while the global economy could slow this year under pressure from high prices and interest rates, a recession appears less likely thanks to the receding threat of energy shortages in Europe and China’s postpandemic reopening.
Read more on wsj.comAbout this in other media
Eurozone’s Economy Outpaced China and U.S. in 2022 wsj.com /1 year ago
IMF Upgrades Outlook for Global Economy as Inflation Eases and China Reopens wsj.com /1 year ago
Eurozone’s Economy Outpaced China and U.S. in 2022 wsj.com /1 year ago
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