My Account Menu

CAPA Login

Register to trial CAPA Membership!

Euro-zone enters recession


The European Commission has confirmed what everyone has suspected – the USD12 trillion, 15-country euro-zone (countries using the euro) has entered a recession. Growth will be at a near-standstill next year, growing just 0.1% - well below the 1.5% expansion predicted as recently as Apr-08 – and 1.2% growth expected for the full year 2008. Unemployment will rise to 8.4% next year from 7.5% in September and move higher still in 2010. [455 words]

Please login to continue reading or find out more about CAPA Membership below.
This content is exclusively for CAPA Membership Subscribers

CAPA Membership gives you the latest aviation news and alerts, access to CAPA articles, reports, and our leading aviation data with optional premium add-ons.