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Saturday, November 21, 2009 9:46 PM

Published 11/04/2009 by di-ve.com

EU on road to recovery

A gradual recovery is expected with GDP forecast to grow by 0.75 per cent in 2010 and around 1.5 per cent in 2011.

The near-term rebound in activity follows from improvements in the external environment and financial conditions, as well as from the significant...

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What others report on the same story

EU set to exit recession this year

LONDON: The European Union on Tuesday said the region's economy will climb out of recession this year, on the back of improving financial conditions, even as the ... - [11/03/2009 - Times of India]

Autumn forecast 2009-2011: EU economy on the ro... - [11/03/2009 - European Commission]

EU Economy: Moving Towards Gradual Recovery Dur... - [11/03/2009 - eGov Monitor]

Roundup: EU's GDP set to fall 4 percent in 2009... - [11/03/2009 - Individual.com]

EU's GDP set to fall 4% in 2009: official forecast - [11/03/2009 - Xinhua News Agency]

Quotes

...come to an end. " The EU economy is coming out of recession. This owes much to the ambitious measures taken by governments, central banks and the EU that have not only prevented a systemic meltdown but have kick-started the recovery. 'However, the road ahead is a challenging one. To maintain momentum and support the sustainability of the recovery, it is essential that we fully implement all announced measures and complete the repair of the banking sector. 'We must also begin to look more towards the medium-term, and consider how best to address the adverse effects that the crisis has had on labour markets, public finances and potential growth', said Joaqun Almunia, Commissioner for Economic and Monetary Affairs."

EU on road to recovery [di-ve.com - 11/04/2009]

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EU on road to recovery