Economy

Eugene

(61,974 posts) Thu Feb 23, 2012, 10:18 AM Feb 2012

EU says eurozone economy to shrink in 2012

Source: BBC

23 February 2012 Last updated at 10:40 GMT

EU says eurozone economy to shrink in 2012

The European Commission has predicted that the eurozone economy will contract by 0.3% in 2012.

In its previous forecast in November, it said that the economy would grow by 0.5%.

"The unexpected stalling of the recovery in late 2011 is set to extend into the first two quarters of 2012," the Commission said.

But it added that the 17-nation bloc would only have a "mild" recession and that it saw signs of stabilisation.

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EU says eurozone economy to shrink in 2012 (Original Post) Eugene Feb 2012 OP

schaenfruede DonCoquixote Feb 2012 #1

They'll be lucky if they only contract by 0.3%. n/t girl gone mad Feb 2012 #2

DonCoquixote

(13,616 posts)

1. schaenfruede

Reply to Eugene (Original post)

Thu Feb 23, 2012, 12:16 PM

Feb 2012

I remember when people used to say "The EU is the new economic superpower." Yes the Euro is strong, but it will always be hampered by four things: London, Paris, Berlin, and the fact that the rest of Europe is tired of those three sisters fighting to be head dominatrix. It is funny that something that was supposed to be left wing has no become the main means of dismantling socialist welfare spending, the very thing that made the EU livable and admirable in the first place.

girl gone mad

(20,634 posts)

2. They'll be lucky if they only contract by 0.3%. n/t

Reply to Eugene (Original post)

Thu Feb 23, 2012, 06:17 PM

Feb 2012

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