Thursday, November 15, 2012

Eurozone slumps back into recession after austerity cuts

The eurozone has double-dipped back into its second recession in three years, official figures confirmed yesterday – and analysts warned economic pain across the single currency will continue well into 2013.

Output across the 17-member bloc fell by 0.1 per cent over the third quarter of 2012, following a 0.2 per cent decline in the second quarter, according to Eurostat.

http://www.independent.co.uk/news/business/news/eurozone-slumps-back-into-recession-after-austerity-cuts-8320658.html