Friday, 15 May 2009

EU recession 'deeper than expected'

Link to the article: BBC News

The European Union is suffering a deeper recession than expected. Figures from the EU show its members' economies shrank by an average of almost 4.5% in the year to March.

Economic output among the Eurozone countries also fell during the first quarter of 2009, largely because of a record contraction in the German economy.

Hugh Pym reports.