Despite finally emerging from its record-long recession over the summer, the Eurozone’s economy will grow too slowly next year to significantly reduce unemployment, according to new official projections for growth. The new forecast trims back expectations for growth in 2014 from a 1.2 percent rate to 1.1 percent and reasserts that the overall economy of the 17 countries that use the Euro shrunk again in 2013.
Topics: eurozone s germany wall street journal european commission republican united states u.s second world war european unemployment will stay near record highs in thinkprogress euro eurozone france german journal europe spending cuts percent year growth continent economy austerity recession recovery countries expected projections emerging official forecast country government cost jobs tuesday
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