Eurozone 'Facing Recession Right Through 2013'

The eurozone faces another full year of recession in 2013 with economic output set to shrink by 0.3 percent after a 0.6-percent contraction last year, the European Commission said on Friday.

The winter economic forecast said there would not be a return to growth for the debt-laden 17-state monetary union until 2014, when growth would be 1.4-percent growth from this low base.