Euro area 2010 growth of 1% expected

graeme at 7:46 a.m. Wed 17 Feb 2010

The Euro area’s expected GDP growth is just 1% for the current year, according to a statement made by Jean-Claude Juncker, the Prime Minister of Luxembourg, after chairing a meeting of Euro area ministers.

He also described the expected growth as “fragile”.

This is much as one would expect in the light of recent numbers. A slow recovery seems the best the Euro area can expect, and there is a significant risk of a return to recession.

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