EU expects Euro Zone's economy to contract by 0.3% in 2012

Note: This section contains information in English only.
Source: BBC
The Euro Zone's economy is likely to shrink by 0.3% this year, reported the European Commission. Previous forecasts predicted the region's economy to expand by 0.5% this year. The EC added that unexpected slowdown in recovery in the end of 2011 may impact the common currency union further. At the same time, the recession will be 'mild' as the signs of stabilization already appeared in the economy.


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