EU Says Euro Zone to Shrink in 2013 as Unemployment Rises

The euro-area economy will shrink for a second year in 2013, driving unemployment higher as governments, consumers and companies curb spending, the European Commission said. The 17-nation euro zone’s gross domestic product will fall 0.3 percent this year, compared with a November prediction of 0…

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EU Says Euro Zone to Shrink in 2013 as Unemployment Rises

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