Eurostat confirms recession of Eurozone
The Eurostat has confirmed the recession in the Eurozone, where the economic decline in the 4th quarter of 2012 reached 0.6 per cent, it says in a specified report about the state of affairs in the economies of the countries in the Eurozone that was released Wednesday.
Eurozone will have short recession Updated: 10:22, Thursday January 12, 2012 The eurozone will tumble into a brief recession for two quarters at the end of 2011 and early 2012, according to forecasts published jointly on Wednesday by leading French, German and Italian economic institutes.