Originally published by the Voice of America (www.voanews.com).
Voice of America is funded by the US Federal Government and content it
exclusively produces is in the public domain.
January 19, 2009

EU Faces Deep Recession
-----------------------

http://enews.voanews.com/t?ctl=21B5325:A6F02AD83191E160AF0CC59D1A21CD832E7CA1C1B166B639&
 
Officials say the economies will shrink by 1.9% this year, while
unemployment goes above 9%. 
European Union officials say the 16 nations that use the euro face a
recession this year, which will bring rising unemployment and growing
government debts. Officials say the economies will shrink by 1.9% this
year, while unemployment goes above 9%.The forecast is even gloomier
than one issued in November. Experts predict the EU economy will recover
somewhat in the second half of this year, and resume growth in 2010, but
warn the outlook is uncertain. European nations are trying to ease the
impact of the recession by crafting stimulus packages that now total in
the hundreds of billions of dollars, which will boost government
deficits. Some information for this report was provided by AFP and AP


.