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EU Commission economic forecast statement


EU Commission economic forecast statement

EU Commissioner Olli Rehn, in charge of Economic and Monetary Affairs, presents the economic forecast for the eurozone and the EU 2013-2014.

The Commission said the eurozone will not return to growth until 2014.

The 17-nation bloc’s economy, which generates nearly a fifth of global output, will shrink 0.3 percent in 2013.That means the euro zone will remain in its second recession since 2009 for a year longer than originally foreseen.

Details in the news conference streaming video.