IMF sees continued recovery in Europe but risks remain; Upswing expected to remain weak compared with past recoveries
Oct 20th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Europe continues to recover from its deepest recession in the postwar period with GDP (gross domestic product) projected to expand by 2.3% in 2010 and 2.2% in 2011, after a 4.6% contraction in 2009, the International Monetary Fund (IMF) said in Vienna today. The upswing is expected to remain weak compared with past recoveries.