A glance at the EU's latest economic forecasts

May 3, 2013 @ 4:31 am

The latest economic forecast from the European Union shows that the recession in the eurozone will continue into 2013 with unemployment remaining at record levels.
Here is a glance at the latest economic forecasts.
Growth rates in annual GDP and unemployment rates, 2012 vs 2013 (percentage)
2012 GDP(Estimate) 2013 GDP(Forecast) 2012 Unemployment(Estimate) 2013 Unemployment(Forecast)
European Union(27 countries) -0.3 -0.1 10.5 11.1
Eurozone (17 Countries) -0.6 -0.4 11.4 12.2
Austria 0.8 0.6 4.3 4.7
Belgium -0.2 0.0 7.6 8.0
Cyprus -2.4 -8.7 11.9 15.5
Estonia 3.2 3.0 10.2 9.7
Finland -0.2 0.3 7.7 8.1
France 0.0 -0.1 10.2 10.6
Germany 0.7 0.4 5.5 5.4
Greece -6.4 -4.2 24.3 27.0
Ireland 0.9 1.1 14.7 14.2
Italy -2.4 -1.3 10.7 11.8
Luxembourg 0.3 0.8 5.1 5.5
Malta 0.8 1.4 6.4 6.3
Netherlands -1.0 -0.8 5.3 6.9
Portugal -3.2 -2.3 15.9 18.2
Slovenia -2.3 -2.0 8.9 10.0
Slovakia 2.0 1.0 14.0 14.5
Spain -1.4 -1.5 25.0 27.0
United States 2.2 1.9 8.1 7.7
Source: European Commission
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