Evidence from Eurostat revisions shows that the 20-country eurozone economy contracted 0.1% in both Q4 2022 and Q1 2023, meaning it met the common "technical recession" definition of two consecutive quarters of negative growth, and major outlets reported that the eurozone had entered recession as a result. (theguardian.com) This downturn occurred squarely within the year after Chamath’s September 2022 prediction and was widely linked to the energy shock and inflation caused by Russia’s invasion of Ukraine and the resulting loss of Russian gas supplies. (euronews.com) The broader EU (including some non‑euro countries) narrowly avoided a recession, but the main European economic bloc did in fact fall into at least a mild recession rather than the “soft landing” some had hoped for. (theguardian.com) Because he framed a continent‑wide recession as the base case (“probably on the precipice of at a minimum a recession”) with only a possibility of something much worse—and what actually happened was a mild, energy‑driven recession in the eurozone, not a severe depression—this prediction is best judged as essentially correct.