Eurozone economy shrinks by 0.1%, putting it at brink of recession

Ireland posts biggest decline, while Germany contracts by 0.1% and France grows by 0.1%

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The eurozone is teetering on the brink of a winter recession after the latest official figures showed its economy contracted by 0.1% in the third quarter of 2023.

In a worse than forecast performance, the 20-nation single currency zone has now failed to grow in three of the past four quarters, leaving its economy only 0.1% higher than it was a year earlier.

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