Economic growth in Europe could come to standstill

Economic growth in Europe could come to standstill
Thursday, September 15, 2011 - 8:57am

The European Commission is warning that economic growth in the Eurozone will come to a near standstill by the end of the year due to the European debt crisis and the turmoil in financial markets.

In its latest economic forecast, the commission said the soft patch is likely to persist until spring next year but that a double dip recession would not happen. To get the recovery back on track, officials say it is important that financial stability is safeguarded and budgets across Europe are put on a sustainable path.

Comments News Comments

Post new Comment