End to Europe’s recession in sight

The end of Europe’s recession is in sight, the European Commission declared on the 4 May 2009 in spite of having revised its growth forecasts sharply downwards and warned that job cuts in the next two years would almost wipe out gains in employment since 2006.

European Commission: Press Release: IP/09/693: Spring forecasts 2009-2010: a tough 2009, but EU economy set to stabilise as support measures take effect http://europa.eu/rapid/pressReleasesAction.do?reference=IP/09/693&format=DOC&aged=0&language=EN&guiLanguage=en

EurActiv, 5.5.09: No recovery before mid-2010, EU says http://www.euractiv.com/euro-finance/recovery-mid-2010-eu-news-221805

BBC News, 4.5.09: European economy 'will shrink 4%' http://news.bbc.co.uk/1/hi/business/8032349.stm

Deutsche Welle, 4.5.09: Europe's recession likely to linger through 2010 http://www.dw-world.de/dw/article/0,,4226133,00.html

France24, 4.5.09: EC expects economy to shrink 4 percent in worst slump since WWII http://www.france24.com/en/20090504-ec-warns-economy-shrink-4-worst-post-war-slump-eurozone

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