Recession will last longer, says EU

The European Union is predicting that the economy of the 17 eurozone countries will be growing solidly by the end of this year even though it expects the recession to last longer than it did just three months ago.

In its winter forecast, published today, the EU Commission says the eurozone is likely to contract a further 0.3% this year, in contrast to its previous prediction of 0.1% growth.
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