BRUSSELS, Sept 10: The 15 countries sharing the euro are teetering on the brink of recession but should just escape the worst, the European Commission said on Wednesday, slashing its economic forecasts for this year.
However, Germany, the eurozone’s largest economy which contracted 0.5 per cent in the second quarter, and Spain will not be so lucky, falling into recession as growth falters badly.—AFP
Read more
On DawnNews
Dear visitor, the comments section is undergoing an overhaul and will return soon.