Published: Jun 08, 2023, 22:05 IST | Updated: Jun 08, 2023, 22:05 IST
The eurozone entered a technical recession in the first three months of 2023 as soaring energy prices and rising interest rates drove inflation higher. The eurozone is made up of 20 member countries of the European Union (EU) that have adopted the euro (€) as their primary currency and sole legal tender.