Sunday, November 18, 2012

Euro-zone is officially in double-dip recession..

The USA is next?

Via European Voice
The eurozone is officially back in recession after three years of sluggish growth as the sovereign-debt crisis continues to impede recovery.

Figures out today (15 November) show that gross domestic product in the 17-country eurozone decreased by 0.1% between July and September after contracting by 0.2% in the three months before that.

The eurozone was last in recession in 2009, when the economy contracted for five successive quarters.

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