Brussels, 04/05/2009 (Agence Europe) - In the European Commission's spring forecast, published on Monday 4 May, GDP in the European Union will shrink by 4% this year in both the euro area and the EU as a whole. This is far greater than was predicted in January, when the Commission forecast a drop of 1.9% in the euro area and 1.8% in the EU27 (see EUROPE 9821). While the diagnosis is largely the same as in the previous forecast, the scale of the recession has worsened, affecting the recovery...