The European Union released its economic forecast for 2008-2010. As most forecasters, they project a recessionary market for Europe for 2009 with the beginnings of an upturn in 2010.

Autumn economic forecast 2008-2010: GDP growth comes close to a stand-still in the EU and euro area

European Union economic growth should be 1.4% in 2008, half what it was in 2007, and drop even more sharply in 2009 to 0.2% before recovering gradually to 1.1% in 2010 (1.2%, 0.1% and 0.9%, re... Read more »