The eurozone is in recession, next week's figures are likely to confirm. Economists expect official numbers on Thursday to show that real GDP in the region fell by 0.4 per cent in the fourth quarter, the third successive quarterly drop; many economists expect a fourth fall in the current quarter. Figures the previous day will show that the recession was especially severe in the industrial sector, where output probably fell by around 2.5 per cent in the fourth quarter.
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