The European Commission's outlook for the Eurozone economy

Note: This section contains information in English only.
Source: The Wall Street Journal
The unemployment rate in the Eurozone is expected to increase to 11 % this year, up from 10.2 % in 2011, with the economic outlook getting more pessimistic, the European Commission reported on Friday. Spending cuts and tax increases have undermined the economy more than expected. However, the commission expects a slight recovery for the Euro bloc of 1 % economic growth next year. 
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