Euro-zone downturn deepens, making recession more likely

By James Regan

24 Oct 2022 · 2 min read

Editor's Note

In this article, Bloomberg reports on the ever-growing chance of a European recession. Dive in to discover why.

Private-sector activity in the euro zone contracted for a fourth month in October, reinforcing expectations that the bloc is headed for a recession.

An index of purchasing managers compiled by S&P Global slumped to its lowest level since April 2013, barring months when there were covid-19 lockdowns. That was worse than economists had anticipated as record inflation hurts demand and some firms rein in production on weaker sales.

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