Monday, November 3, 2008
no kidding, a child could tell you that!!!
The European Commission said the region's economy probably entered a recession this year and will barely grow in 2009, increasing pressure on political leaders to work out a plan to combat the financial crisis at summits this month. Economic growth in the euro area will slump to 0.1 percent next year, the worst performance since 1993, the Brussels-based commission said in a report today. It lowered its forecast for this year to 1.2 percent from 1.5 percent in April.