Bleak outlook for European growth
The Euro logo is seen in front of the European Central Bank (ECB) building in Frankfurt am Main, central Germany.
New data from Europe show growth has likely slowed in the second half of the year, and that unemployment will likely stay high. The same numbers from the European Commission also indicate that recovery will continue in the euro zone, and that growth next year may come in at 1.1 percent.
"The commission's forecasts do confirm the general picture we've been reporting for some time now that the euro zone's economic situation does seem to be stabilizing, and we can expect some sort of resumption of growth for next year," says the BBC's Andrew Walker. "But it has to be said, it is still pretty feeble looking growth, and actually slightly weaker than the previous forecast that we had from the commission.”