The Eurozone has officially entered recession after its collective economic output was found to have fallen by 0.1% in the third quarter.
Eurostat, the EU's statistics office, found that the collective GDP of the single currency area contracted by 0.1% in the July to September period from the quarter before following on from the 0.2% decline recorded in the second quarter.
The grim figure plunges the 17-nation bloc into its second recession since 2009.
The wider EU avoided the same fate as it saw output rise 0.1% during the quarter, largely on the back of the Olympics-related boost in Britain.
The Office for National Statistics had previously measured the UK's third quarter GDP growth at 1%.
The eurozone's economy - worth £7.6 trillion - was always under pressure given that Italy and Spain had been contracting for a year already while Greece has suffered recession for five years.
Germany and France, the bloc's biggest economies, could not save the group from the double-dip, even though both countries managed 0.2% growth in the quarter.
The development is likely to intensify debate within the euro area about the effect of deep austerity on economic growth.
Millions of people across countries including Spain, Portugal, Greece and France protested against government spending cuts on Wednesday, cuts that EU policymakers say are crucial to ending the debt crisis.
Paul De Grauwe, an economist with the London School of Economics, said: "We are now getting into a double dip recession which is entirely self-made.
"It is a result of excessive austerity in southern countries and unwillingness in the north to do anything else," he suggested.
The European Commission sees a 0.4% contraction for the eurozone as a whole for 2012 with the bloc's economy growing by just 0.1% in 2013.
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