Recession in Europe Looks Inevitable ; Series of Data Points to Trouble for Region.

Summary

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LONDON (AP) -- Any hopes that the 17-country eurozone will avoid sliding back into recession in the wake of a debt crisis that has shown alarming signs of spreading to the bigger economies appeared to have been dashed today.

A couple of indicators show the eurozone economy is in deep trouble and that the debt crisis is denting confidence so badly that a recession looks almost inevitable. Figures last week showed the eurozone only narrowly avoided contracting in the third quarter, growing by only 0.2 percent during the period.

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Extract

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Recession in Europe Looks Inevitable ; Series of Data Points to Trouble for Region.

The sense of an impending recession was evident in the findings of a closely watched survey from fina...

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