Thursday 22 October 2009

Double-dip recession unlikely: ECB's Weber

A member of the governing council of the European Central Bank said that it is unlikely that the Euro zone will fall back into recession soon after exiting it. He added that there are elements pointing that the double-dip recession is not likely to happen in other major economies, either.
So it seems not only the economy is out of the woods for now but there is no immediate danger of falling back into recession in the short to medium term.

Double-dip recession unlikely: ECB's Weber - News - Business Spectator


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