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.”
As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.
Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.
Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.