# Europe's recession may have ended **URL:** \ **Category:** Macro Economic Trends and Risks\ **Created:** [July 28, 2023, 1:59pm UTC](https://discussion.fool.com/t/europes-recession-may-have-ended/94877 "2023-07-28T13:59:50Z")\ **Posts on this page:** 3\ **Page:** 1
**Author:** ![jerryab2](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/jerryab2/32/3274_2.png) [@jerryab2](https://discussion.fool.com/u/jerryab2)\ **Post date:** [July 28, 2023, 1:59pm UTC](https://discussion.fool.com/t/europes-recession-may-have-ended/94877/1 "2023-07-28T13:59:50Z")
> **[Europe's recession may already be over | CNN Business](https://www.cnn.com/2023/07/28/economy/europe-economy-recession-euro-gdp/index.html)** > > Solid economic growth in France and Spain, and a very modest recovery in Germany could be enough to confirm that the euro area has already exited a recession that started in the final quarter of 2022. ---
**Author:** ![MapG](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/mapg/32/3247_2.png) [@MapG](https://discussion.fool.com/u/MapG)\ **Post date:** [July 28, 2023, 3:27pm UTC](https://discussion.fool.com/t/europes-recession-may-have-ended/94877/2 "2023-07-28T15:27:49Z")
# European Equities Could Reward, but Patience Required ![ETF Database](https://us1.discourse-cdn.com/motleyfoolfree/original/3X/d/6/d6b2fa2bfd0050e6139d63b99fabcb00e59967a4.png) BY | [ETF DATABASE](https://research2.fidelity.com/fidelity/commentary/provider.asp?provider=ETF%20Database) 4:29 am ET 07/28/23 | [5 VIEWS](https://research2.fidelity.com/fidelity/commentary/main.asp?anchorType=etf&articleLink=&dockey=1460-3802c9115e8a0f620b912bc46fd10c56-7N9QKHQS5UPBVSRF23K36MKLS4&keyword=&print=&sort=Views&startRow=&symbols=) | | | | Compare Europe-Developed (top 9) performance | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | Soted by Market total returns (YTD) | | | | | | | | | | | | | ID | Symbol | | ETP name | | | | Market total returns (YTD) | Market total returns (1 day) | Market total returns (1 wk) | Market total returns (1 mo) | Market total returns (3 mo) | Market total returns (1 yr) | Market total returns (3 yr) | Market total returns (5 yr) | | | | | | | | | | | | | | | | | | 1 | EWP | | ISHARES MSCI SPAIN ETF | | | | 21.06% | -1.18% | -0.10% | 3.78% | 2.90% | 27.44% | 12.15% | 2.19% | | 2 | EWQ | | ISHARES MSCI FRANCE ETF | | | | 18.94% | 0.05% | -1.12% | 2.46% | -0.31% | 31.73% | 15.73% | 7.66% | | 3 | EWG | | ISHARES MSCI GERMANY ETF | | | | 18.70% | 0.28% | 0.03% | 2.98% | 1.87% | 27.62% | 5.07% | 1.72% | | 4 | HEWG | | ISHARES CURRENCY HEDGED MSCI GERMANY ETF | | | | 18.22% | 1.58% | 1.52% | 3.28% | 3.02% | 27.20% | 8.41% | 5.66% | | 5 | EWN | | ISHARES MSCI NETHERLANDS ETF | | | | 17.52% | 0.56% | 0.87% | 3.41% | 6.03% | 25.60% | 11.40% | 9.04% | | 6 | EWGS | | ISHARES MSCI GERMANY SMALL-CAP ETF | | | | 13.14% | -0.36% | -0.63% | 4.75% | 1.61% | 12.32% | 4.04% | 2.03% | | 7 | EWL | | ISHARES MSCI SWITZERLAND ETF | | | | 12.68% | 0.19% | 0.84% | 3.98% | 2.20% | 13.77% | 8.04% | 9.36% | | 8 | EDEN | | ISHARES MSCI DENMARK ETF | | | | 12.05% | -1.23% | -2.99% | 1.10% | -2.37% | 25.98% | 14.73% | 12.51% | | 9 | EWD | | ISHARES MSCI SWEDEN ETF | | | | 9.56% | -1.30% | -0.45% | 2.36% | -3.99% | 16.99% | 7.85% | 6.03% | | 10 | EWU | | ISHARES MSCI UNITED KINGDOM ETF | | | | 7.56% | -1.61% | -0.51% | 2.67% | -0.17% | 11.72% | 11.83% | 2.32% | | 11 | EWUS | | ISHARES MSCI UNITED KINGDOM SMALL-CAP ETF | | | | 5.36% | -1.29% | -1.12% | 6.20% | 2.27% | 3.78% | 3.10% | -2.95% | | 12 | HEWU | | ISHARES CURRENCY HEDGED MSCI UNITED KINGDOM ETF | | | | 2.70% | -0.28% | 0.13% | 2.45% | -2.26% | 9.05% | 11.73% | 4.45% | GD\_ ---
**Author:** ![Divitias](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/divitias/32/9302_2.png) [@Divitias](https://discussion.fool.com/u/Divitias)\ **Post date:** [July 28, 2023, 3:43pm UTC](https://discussion.fool.com/t/europes-recession-may-have-ended/94877/3 "2023-07-28T15:43:57Z")
> Europe’s recession may have ended Yep, the ECB had to raise interest rates yesterday to stop the economy overheating 🙂 > The European Central Bank on Thursday announced a new rate increase of a quarter percentage point, bringing its main rate to 3.75%. > **[European Central Bank raises rates by a quarter percentage point, says...](https://www.cnbc.com/2023/07/27/ecb-rate-decision-july-2023-raises-rates-by-25-basis-points.html)** > > The central bank did not share any forward guidance about its next moves, but did raise the possibility of a potential pause in rate hikes in September.