Advertise On EU-Digest

Annual Advertising Rates

11/17/09

Businessweek/the Independent: Britain Remains the 'Sick Man of Europe' - BusinessWeek

For the complete report from BusinessWeek click on this link

After decades of outperforming the continental economies, Britain seems set to become the "sick man of Europe", languishing at the bottom of the European growth league table. Official figures released by Eurostat yesterday revealed that the eurozone economies, comprising 16 of the EU's 27 member states, are now officially out of recession, having grown by 0.4 per cent in the third quarter. The growth rate for the EU as a whole, dragged down by the UK and some east European states, was 0.2 per cent. Both are the first positive news on growth since spring last year, though they are somewhat below market expectations.

No comments: