The U.S.’s economic recovery throughout 2023 made it a standout among other Western nations. Recent economic Membership required to view content. released by Eurostat indicated that the E.U. narrowly avoided a recession in 2023. GDP rose 0.5 percent over the course of 2023, but growth stagnated considerably in Q4, dipping to 0.1 percent. Recession is defined as two consecutive quarters of economic contraction.
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