Brussels, 15/05/2009 (Agence Europe) - The European Union slumped further into recession in the first quarter of the year, recording a 2.5% fall in gross domestic product (GDP) on the previous quarter. This is record fall in output, even outstripping that of the United States, according to statistics published by Eurostat on Friday 15 May.
The 16 countries that use the euro recorded their fourth quarter in a row of falling economic output because eurozone GDP fell by 0.2% in both the second...