News Artcle

Contraction pushes eurozone back into recession

Published November 15, 2012

Contraction pushes eurozone back into recession by Pan Pylas The Associated Press Published Nov 15, 2012 07:15PM MDT London • The 17-country eurozone has fallen back into recession for the first time in three years as the fallout from the region’s financial crisis was felt from Amsterdam to Athens. And with surveys pointing to increasingly depressed conditions across the 17-member group at a time of austerity and high unemployment, the recession is forecast to deepen, and make the debt crisis — which has been calmer of late — even more difficult to handle. Official figures Thursday showed that the eurozone co... Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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