Euro area falls into recession for the second time since 2009

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
The Euro-area fell into recession for the second time in last four years, as gross domestic product contracted by 0.1% in the third quarter according to the European Union's statistics office announcement on Thursday. European economy experiences hard time, as regional governments impose tighter budget restrictions in order to narrow fiscal deficits.
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