Technical recession in Eurozone "not something to worry about": Spanish economist

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Technical recession in Eurozone "not something to worry about": Spanish economist

STORY: Technical recession in Eurozone "not something to worry about": Spanish economist DATELINE: June 17, 2023 LENGTH: 00:01:47 LOCATION: Madrid CATEGORY: TECHNOLOGY SHOTLIST: 1. various of Sergi Basco, an associate professor of economics at Barcelona University 2. SOUNDBITE (Spanish): SERGI BASCO, Associate professor of economics at Barcelona University STORYLINE: The report by Eurostat last week that the Eurozone entered a technical recession at the start of 2023 after the economy shrank by 0.1 percent for a second consecutive quarter is "not something we have to worry about," Sergi Basco, an associate professor of economics at Barcelona University, told Xinhua in an interview on Friday. SOUNDBITE (Spanish): SERGI BASCO, Associate professor of economics at Barcelona University "The fall in GDP is what the European Central Bank (ECB) wants and it's not something we have to worry about. This is what always happens: when interest rates are high, the economy slows, and that's where we are right now. There

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