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Forecast: European economy faces stagnation next year |
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19:30, November 03, 2008 |
Economic growth in both the euro zone and the European Union (EU) will be close to a stand-still next year due to the ongoing global financial crisis, the European Commission said in a forecast on Friday.
The euro zone economy will expand by merely 0.1 percent in 2009, while the EU economy is expected to grow by 0.2 percent, according to the forecast.
Source: Xinhua
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