Europe’s Economy, Likely Shrinking, Is Set to Avoid Worst-Case Scenario

Europe’s economy likely contracted at the end of 2022 but showed signs of resilience, suggesting the downturn could be milder than feared just a few months ago

, business surveys released Friday showed.

While S&P Global’s composite output index for the eurozone—which includes services and manufacturing activity—remained below the 50 mark in December, indicating a contraction, it rose by one point to 48.8 from November, pointing to a smaller fall in activity than expected earlier.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

WSJ /  🏆 98. in US

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

To protect shrinking Western Arctic Caribou Herd, group recommends subsistence hunters drastically reduce harvestTo preserve the Western Arctic Caribou Herd, hunters might drastically reduce their harvest starting in summer 2024, after a working group proposed limiting resident subsistence hunters to four animals per year.
Read more »

Texas death row shrinking, but state still leads U.S. in executionsSome of those who are now executed or marked for death for crimes years or decades in the...
Read more »

Aliens likely haven't visited because humanity's technological signature is very limitedThe new theory suggests there are more exciting alien worlds for extraterrestrials to visit. Humanity just isn't advanced enough.
Read more »

Chicago will soon likely return to high COVID levels, city’s top doctor saysThe city will again encourage people to wear masks indoors if high COVID-19 levels are hit
Read more »

Marshall fire investigation likely to wrap up in early 2023The Marshall fire investigation will conclude early next year and include a cause and origin report according to the Boulder County Sheriff's Office.
Read more »

US National Labor Relations Board rules NCAA violated athletes' labor rights; court meetings likely: reportsThe U.S. National Labor Relations Board has reportedly ruled that the NCAA violated athletes' labor rights, a step forward in college players seeking employment status.
Read more »