Eurozone falls into recession as consumers hit by rising prices

The eurozone fell into recession this winter as revised figures show consumers hit by rising prices. The economy of the 20 nation-bloc contracted by 0.1% between January and March, after shrinking in the final three months of 2022. As in other regions, the eurozone has been hit by rising food and energy prices that have weighed on households. Spending by households in the bloc fell by 0.3% in the first three months of 2023 and by 1% in the previous quarter.   The bad news comes after a tough yea...