Global Economy 2012: Eurozone and UK face recession; 15m in developed world jobless more than 1 year
Dec 20th, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Global Economy 2012: Following two years of anaemic and uneven recovery from the global financial
crisis, the world economy is teetering on the brink of another major downturn.
The Eurozone and UK will each face another recession in 2012. Meanwhile, almost
one third of the unemployed in developed countries have been jobless for more
than one year, which has affected about 15m
workers.