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Commission: European Economy to Stabilize in First Half of 2013
Politics ♦
Published: May 7, 2013; 13:51 ♦ (Vindobona)
The economy is projected to return to growth in the second half of 2013. However, annual GDP is forecast to contract by 0.1% in the EU and 0.4% in the eurozone.
Commission: European Economy to Stabilize in First Half of 2013 / Picture: © Vindobona.org
Following the recession that marked 2012, the EU economy is forecast to stabilise in the first half of 2013. GDP is expected to start growing again in the second half of the year, slowly at first, but picking up speed in 2014.
In the aftermath of the financial crisis, demand within the EU is still held back by several factors including the reduction of the debt overhang and a…
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