This commission's predictions for this year reflect that grim reality. It expects the EU's economy to contract by 0.3 percent, rather than remaining flat as it forecast in the spring. It also predicts that the eurozone GDP will fall 0.4 percent, against a previous expectation of a 0.3 percent drop.Official third-quarter GDP figures â¿¿ which will show whether the eurozone has entered recession as economists suspect it has â¿¿ are due to be released on Nov. 15. A recession is defined as two quarters in a row with negative growth.
EU: Eurozone Recession To Be Worse, Rebound Slower
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