European economy 'will shrink 4%'

Link to the article: BBC News

The European Commission has said that the EU economy is now in its deepest recession since the second world war.

New figures released have forecasted that the economy will shrink by four per cent this year.

The forecasts are worse than previously expected, with as many as 8.5 million jobs expected to disappear, wiping out the number of new jobs created in the past year.

Mark Gregory reports.