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Europe Daily Bulletin No. 10493

11 November 2011
Contents Publication in full By article 11 / 36
GENERAL NEWS / (ae) eu/economy
Risk of recession in 2012 rears its ugly head

Brussels, 10/11/2011 (Agence Europe) - As if the sovereign debt crisis were not bad enough, the slowdown in the EU economy may result in fully-fledged economic recession in 2012, which would dampen confidence and make it harder for Europe to attract investors. EU Economic and Monetary Affairs Commissioner Olli Rehn said: “Growth has stalled in Europe, and there is a risk of a new recession. While jobs are increasing in some member states, no real improvement is forecast in the unemployment...

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