Economy
Eurozone economy declines at fastest level in a decade as economists forecast recession
European companies are beginning to cut staff numbers as new manufacturing orders grind to a trickle right across the continent
The European economy is beginning to show material signs of weakness due to a very sharp slump in demand, prompting economists to forecast the continent will enter recession early next year.
The latest purchasing managers index (PMI) released by S&P Global, the financial analytics and research firm, paints a grim picture of an accelerated slowdown in the Eurozone economy during the early weeks of October due to a sharp fall in manufacturing orders, higher interest ...
