Why is Europe's economy in the doldrums?
According to data released recently by Eurostat, the euro area and the EU economy grew at zero quarter-on-quarter in the fourth quarter of 2023. Although this data shows that the European economy has narrowly avoided a "technical recession", the outlook for the European economy in 2024 is still difficult to be optimistic under the influence of global geopolitical tensions, continued monetary tightening, weak global demand and other factors.
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