( ) -q-24- UNDATED (Correspondent Jeremy House) “red for contraction.” Europe’s economy failed to expand at the end of 2023. [CutID: <Cuts> EUROPE-ECONOMY-house-q-TUEam.mp3 Time: 24s Title: EUROPE-ECONOMY-house-q-TUEam Out-cue: red for contraction] TAG: Correspondent Jeremy House reporting. Disruptions to shipping in the Red Sea have constricted global trade through the Suez Canal, a major route between […]
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Europe’s economic blahs drag on with zero growth at the end of last year
( ) -q-24- UNDATED (Correspondent Jeremy House) “red for contraction.”
Europe’s economy failed to expand at the end of 2023.
[CutID: <Cuts> EUROPE-ECONOMY-house-q-TUEam.mp3
Time: 24s
Title: EUROPE-ECONOMY-house-q-TUEam
Out-cue: red for contraction]
TAG: Correspondent Jeremy House reporting. Disruptions to shipping in the Red Sea have constricted global trade through the Suez Canal, a major route between Asia and Europe, surging shipping costs and threatening to boost inflation.
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VERBATIM: The stagnation has now lasted for more than a year amid higher energy prices, costlier credit and lagging growth in powerhouse Germany. The EU statistics agency says zero growth for the October-to-December period of last year follows a 0.1% contraction in the three months before that. The start of this year looks no better, with indicators of business activity still flashing red for contraction.