European Recession Now Longer Than 2008 Financial Crisis

The Eurozone economy shrank more than expected in 2013, falling two tenths of one percent between January and March.  The new data means the 17-nation currency bloc has now been in recession for six consecutive quarters – longer even than the deep recession that followed the global financial crisis of 2008.

Of the 17 nations that make up the common currency bloc – nine countries are now in recession.

While not as steep as the recession that came after the 2008 financial crisis – …

Powered by WPeMatico

This entry was posted in African News. Bookmark the permalink.

Comments are closed.