Furthermore, despite the recovery, the eurozone's economic output remains about 3 percent below the level recorded in 2008, when the global financial crisis was entering its most acute phase and Europe's debt crisis hadn't yet started, the report said."It is ridiculous to celebrate GDP growth a¿¿ or non-growth a¿¿ of 0.0 percent as a clear sign of recovery," said Hannes Swoboda, the center-left minority leader in the European Parliament.
EU Forecasting Tepid Recovery, High Unemployment
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