Economic output across the 20-country Eurozone edged up 0.2 percent in the third quarter, doubling the second quarter’s 0.1-percent rise but falling far short of the 0.6-percent expansion in this year’s first three months, the European Union’s statistics agency reported.
Major employers including Amazon and Nestlé have announced plans to shed workers as consumers tighten spending, tariffs crimp global trade, and artificial intelligence (AI) replaces workers up and down the corporate ladder.
The economic landscape has presented an array of challenges that have profoundly affected the business community this year.
Corporate workers are facing mass layoffs and a shrinking pool of available jobs due to tariffs, slowing economic growth and the increased focus on AI, according to a report in the Financial Times.