The European Commission’s latest economic forecasts are grim. Overall, growth for the eurozone is expected to be 1.1% this year, down from the 1.7% in the spring forecast.
On the unemployment front the report took an even more negative tone. Labour market conditions are expected to improve very gradually, with unemployment falling from 11.5% today to 10.8% in the eurozone by 2016.
via Europe Unemployment Statistics By Country – Business Insider.
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