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Eurozone 'Facing Recession Right Through 2013'

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.

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