The economic picture for the Eurozone is fuzzy at best. On the surface, certain metrics offer a glimmer of hope. The inflation rate is below 3%, and the unemployment rate is at lows. These indicators might typically signal a robust economy, potentially eliminating the possibility of an imminent recession. The problem is that several other economic data points point to more worrying dynamics. For example, both the services and manufacturing sectors are showing PMI readings that suggest contraction. These indices have been persistently low for several months, indicating a protracted period of economic downturn in these crucial…
