Thursday, 15 December 2011

Eurozone heading towards recession in 2012

new.sky.com/home/business/article/1613070
<iframe width="640" height="360" src="http://video.sky.com/embed/external/16130884" frameborder="0" allowfullscreen></iframe>

Sky news States that-

  • The audit firm states that it expects the 17 members of the Eurozone to shrink in the first quarter of next year.
  • It predicts that growth for these countries for the whole year will be only 0.1%
  • However it states that unemployment will only fall to a high of 10% by 2015.
  • This view of a recession occuring next year has only been backed up by the fact that the Euro on Wednesday 14th December fell to a 11 month low, dropping below 84p.

No comments:

Post a Comment