EU enters in ‘mild recession’

The European Commission issued on the 23 February 2012 an Intermim Economic Forecast. It pointed to a stagnation of the EU economy and to a mild recession in the euro area. However, modest growth was predicted to return in the second half of 2012.

• Primary Source

BBC News, 23.2.12: EU says eurozone economy to shrink in 2012 http://www.bbc.co.uk/news/business-17138207

Deutsche Welle, 23.2.12: Recession ends 2011 eurozone recovery http://www.dw.de/dw/article/0,,15760991,00.html

European Commission: RAPID: Press Release: IP/12/161: Interim forecast: euro area in mild recession with signs of stabilisation http://europa.eu/rapid/pressReleasesAction.do?reference=IP/12/163&format=PDF&aged=0&language=EN&guiLanguage=en

European Commission: DG Economic and Financial Affairs: EU Economic situation: EU interim forecast: on the brink of a mild recession http://ec.europa.eu/economy_finance/articles/eu_economic_situation/2012-02-23-interim-forecast_en.htm

European Commission: Memo/12/132: Statement by Vice-President Rehn at the press conference on the Interim Forecasts http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/12/132&format=HTML&aged=0&language=EN&guiLanguage=en

EUObserver, 23.2.12: Southern euro-countries worst hit by recession http://euobserver.com/19/115355

EurActiv, 23.2.12: EU enters in 'mild recession' http://www.euractiv.com/euro-finance/eu-enters-mild-recession-news-511070

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