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EU Expects Deep, Lengthy Recession

Government spending will be only thing keeping European economies afloat

By the Associated Press

Posted Jan 19, 2009 8:26 AM CST

(AP) – The European Union said today it is facing a "deep and protracted recession" with government spending the only source of growth. The 16 nations that use the euro will shrink 1.9% in 2009, with the entire EU contracting 1.8%, the European Commission... Read full story »

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EU Expects Deep, Lengthy Recession

Government spending will be only thing keeping European economies afloat

European Union • United Kingdom • France • economy • financial crisis

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More Newser Stories

French-German Relations Cool Ahead of EU Summit

France, Germany, UK clash over handling recession

As Crises Spread, Europe Scrambles for an Answer

Even healthier countries now feeling pinch

Hard Times Again Push Irish Youth Abroad

Flatlining economy makes US, Britain, Canada attractive

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US urges more spending; EU focused on regulation

Brown Tells US to 'Seize the Moment'

Now more than ever the rest of the world wants to work with you

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