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Revised figures set to show eurozone economy is shrinking

Eurostat data out Thursday could show region contracted in the fourth quarter of 2022 and first three months of this year
Policymakers at the European Central Bank are due to meet next week in Frankfurt

The eurozone economy is heading for symbolically important reversal on Thursday, when economists expect official growth figures to be downgraded to show output slightly contracted for the past two quarters.

The shift would take some shine off the recent performance of the eurozone economy, which has done better than many economists feared when the bloc was hit by an energy and cost of living crisis triggered by Russia’s full-scale invasion of Ukraine last year.

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