EU Lowers Forecast as Euro Area Heads For Two-Year Slump

The euro-area economy will shrink more than previously expected in 2013 as part of a two-year slump that has pushed up unemployment to a record, the European Commission said in new forecasts today. Gross domestic product in the 17-nation region will fall 0.4 percent this year, compared with a Fe…

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EU Lowers Forecast as Euro Area Heads For Two-Year Slump

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