European Commission sees EU contraction extending through 2013

05/5/2013 | United Press International

The European Commission's previous forecast of slight growth in 2013 for the 27-nation EU has been switched to 0.1% contraction, including a 0.4% pullback in the recession-racked eurozone. Meanwhile, EU unemployment is expected to reach 11.1% while joblessness in the 17-nation eurozone remains at a record 12.2%.

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