Recsssion

Eurozone economy to shrink in 2012 dragged down by Greece, Spain, Italy …

The eurozone economy is forecast to shrink this year as its debt crisis continues to bite. The European Commission’s spring forecast confirmed its prediction of a 0.3% contraction in 2012 in the economies of the 17 countries that use the euro. It predicted growth of 1.0% for the eurozone in 2013. European Commissioner for Economic … Continue reading →