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Eurozone recession longest in currency bloc history
Eurozone faces its longest recession on record with nine of the 17 euro-using countries in contraction led by France. GDP fell 0.2% in Q1 after 0.6% drop, unemployment hitting a record 12.1% amid austerity and weak global demand. The EU as a whole shrank 0.1% in Q1 as eurozone woes ripple across Europe and global markets.
MENTIONED IN THIS ARTICLE
Paris
European Union Statistics Office
France
Eurozone
Marie Diron
Ernst & Young
Reece
Britain
Poland
Asia
Ford Motor Co
Europe