The UK economy shrank for the first time since 2012, Italy's debt crisis looks like it'll only get worse, and Germany's output continues to decline.
Three of Europe's largest economies Germany, Italy, and the UK are either in recession or are on the verge of it, which could spell danger for the eurozone. Germany, Europe's industrial backbone is stuttering, and unemployment has risen for the second time in three months. The UK economy contracted for the first time since 2012, as output fell 0.2% in April to June. Italy's debt crisis is only being made worse by political uncertainty. View markets Insider for more stories.
Three of Europe's largest economies Germany, Italy, and the UK are either in recession or are on the verge of it, which could spell danger for the eurozone. Germany, Europe's industrial backbone is stuttering, and unemployment has risen for the second time in three months. The UK economy contracted for the first time since 2012, as output fell 0.2% in April to June. Italy's debt crisis is only being made worse by political uncertainty. View markets Insider for more stories.
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