Commission slashes 2012 EU growth forecasts

23 Feb 12
The European Commission has slashed its 2012 growth forecasts for both the European Union and eurozone and said it now expects the 17 countries using the single currency to experience a ‘mild recession’ in the first half of this year.

By Nick Mann | 23 February 2012

The European Commission has slashed its 2012 growth forecasts for both the European Union and eurozone and said it now expects the 17 countries using the single currency to experience a ‘mild recession’ in the first half of this year.

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