S&P: recession is expected in the Euro zone

This year, recession is expected in the Euro zone and it is not granted that economic growth will occur the next year – Standard & Poor's announced on Wednesday in London in its comprehensive analysis.

According to the 12-page review compiled by the analysts of Standard & Poor's, the euro zone’s debt crisis caused a serious and widespread deterioration in the EU Member States since 2008. The new projection of the S&P analysts expects a 0.8 percent economic downturn for this year. (Világgazdaság Online, MTI)