Eurozone already in recession UBS

The energy crisis has led to the economic downturn, bank economists say

The euro area has already entered a "shallow" recession that will last through the end of the year, economists at UBS Group said on Thursday, in a report seen by Bloomberg. They attributed the contraction to energy price pressure.

The Eurozone economy will reportedly contract by 0.1% in the third quarter and by 0.2% in