The good, the bad and the ugly

The latest economic forecasts from the European Commission make difficult reading for most EU member states.
Bleak situations and gloomy prospects
Fragile but with reasons for optimism
Signs of hope and brighter prospects

The European Commission’s winter economic forecasts paint a bleak picture of an economic slowdown even worse than predicted three months ago. The eurozone’s economy as a whole will contract by 0.3%, according to the forecasts presented on Friday (22 February) by Olli Rehn, the European commissioner for economic and monetary affairs and the euro. In November, the last time the Commission produced such forecasts, he was predicting 0.1% growth.

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