Tuesday, 13 October 2009

European Recovery Optimism Takes Hit

Brussels. Europe hit a recovery setback on Wednesday with the euro-sone economy shringking more than expected, giving substance to widespread warning that talk of a rapid global turnaround might be premature. But the surprise revised results showed that some nations had emerged from recession. The Increasingly upbeat mood accompanying results since the summer was punctured by EU data showing that the economy of the 16-nation euro zone shrank in the second quarter by a greater margin than initially thought.
Source: The Jakarta Globe, p.B3, 8 Oct 2009

No comments: