Euro-Zone Data Point to Recession

12-Apr (The Wall Street Journal) — Industrial production in the euro zone slumped in February by the largest amount in more than two years, Eurostat reported Thursday, adding to evidence that the common-currency bloc is in an economic recession.

Other data released Thursday, including Greek unemployment, added to the bleak outlook for the region.

…Industrial production accounts for almost a fifth of the euro-zone economy, which analysts say may already be in a technical recession, or two consecutive quarters of economic contraction, after shrinking 0.3% in the final three months of 2011.


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