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Financial News

Monday May 4, 02:49 PM

 

 

The European Commission warned that Europe will suffer a deeper and longer recession

By Martin Oeser

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An euro symbol in front of the European Central Bank (ECB) in Frankfurt. The European Commission warned that the EU economy will contract 4.0 percent this year as a worse-than-expected recession drives unemployment to levels not seen since World War II. An euro symbol in front of the European Central Bank (ECB) in Frankfurt. The European Commission warned that the EU economy will contract 4.0 percent this year as a worse-than-expected recession drives unemployment to levels not seen since World War II.


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