The euro area economy risks falling into recession later this year after official data Tuesday showed that output shrank in the third quarter.

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Eurozone GDP: economy shrank by 0.1% in last quarter, as inflation falls – business live

Eurozone growth has weakened, as price pressures drop, as high interest rates and weak demand hit Europe’s economy. UK company insolvencies have soared this year 11:08 Back in the UK, company insolvencies have been running at the highest level since 2009 over the last six months.

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Italian Economy Avoids Recession by Narrowest of Margins

Italy’s economy stagnated in the third quarter — just dodging a recession as Prime Minister Giorgia Meloni battles to keep output expanding while also limiting debt.Most Read from BloombergSaudi Forces on Alert After Clash With Iran-Backed HouthisInnovent,

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Oil rises as supply concerns offset weak China data

Oil prices rebounded in Asian trade on Tuesday, after a drop of more than 3% in the previous session, as worries over supply stirred by conflict in the Middle East offset dismal China data. December Brent crude futures,

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China’s factory activity contracts in blow to economic momentum

China’s manufacturing activity unexpectedly contracted in October, damping hopes of increasing momentum in the world’s second-largest economy.

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