People buy goods in a supermarket in Milan, Italy. (Photo: AFP/VNA)

Many bright spots help Europe escape from risk of widespread economic recession

The survey results released by S&P Global on April 21, showed positive signs for the Eurozone’s economy, as the zone’s economy made a breakthrough in April and reached the highest level in the past 11 months. Europe’s economic picture appeared with many bright spots that can help this area escape from the risk of widespread economic recession and continue its recovery despite many difficulties.
A market in central London, England. (Photo: Reuters)

Britain’s economy falls into recession

UK Finance Minister Jeremy Hunt has just said the Office for Budget Responsibility (OBR), confirmed that the UK economy is currently in a recession. British officials said the country's economy is paying the price for leaving "the common roof of Europe".