{"id":4571,"date":"2016-09-15T11:42:40","date_gmt":"2016-09-15T11:42:40","guid":{"rendered":"https:\/\/oradeo.com\/?p=4571"},"modified":"2016-09-15T11:42:40","modified_gmt":"2016-09-15T11:42:40","slug":"euro-zone-to-face-shrinking-economy-again-in-2013","status":"publish","type":"post","link":"https:\/\/oradeo.com\/2016\/09\/15\/euro-zone-to-face-shrinking-economy-again-in-2013\/","title":{"rendered":"Euro zone to face shrinking economy again in 2013"},"content":{"rendered":"<h2><\/h2>\n<p><em>Reuters.com<\/em>\u00a0&#8211;\u00a0<em>22\/02\/13<\/em><br \/>\nOn Friday, the European Commission announced that the EU will not experience growth until 2014. The European Commission have reversed their position from expecting growth in 2013, to now expecting a shrink of 0.3%, meaning that the euro zone will remain in its second recession since 2009, for a year more than was originally forecast. despite the expected shrink this year, the EU is estimating a growth of 1.4% for 2014. However, the EU also forecast euro zone growth to be 0.1% in 2012, and the actual figure was -0.6%.<\/p>\n<p>The European Commission has blamed the lack of growth across the 17-nation economy on tight lending conditions for companies and households, as well as record levels of joblessness. Joblessness in the euro zone is expected to reach and peak at 12.2% in 2013, approximately 19 million people.\u00a0<a title=\"Read More\" href=\"http:\/\/www.globalpost.com\/dispatch\/news\/afp\/130311\/portuguese-economy-contracts-32-2012\" target=\"_blank\"><b>Read More<\/b><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters.com\u00a0&#8211;\u00a022\/02\/13 On Friday, the European Commission announced that the EU will not experience growth until 2014. The European Commission have reversed their position from expecting growth in 2013, to now&#8230;<\/p>\n","protected":false},"author":22,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Euro zone to face shrinking economy again in 2013 | Oradeo<\/title>\n<meta name=\"description\" content=\"| Euro zone to face shrinking economy again in 2013\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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