Fri, 24 Feb 2012 09:46:29 GMT
EU expects Euro Zone's economy to contract by 0.3% in 2012
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