The European Commission said that the gross domestic product in the
region, which includes 17 countries and includes 340 million people and
is a major competitor of the United States and Japan and the giant
promising, would fall by 0.4 percent this year, more than the proportion
of 3 percent, according to the February forecast after shrinking of 0.6
percent last year.
The unemployment rate will continue at record levels, according to
Commission forecasts with a clear divergence between the euro zone
countries to the richer north and those located in the south is
experiencing a significant contraction.
In a repeat of the previous forecast, the UNHCR said that the
proportion of the unemployed this year will reach a record high at 12
percent and 11 percent in the whole of the 27 EU states. These percentages diverge significantly in terms of 27 percent in Spain and 4.7 percent in Austria.
He said the European Commissioner for Economic Affairs Olli Rehn in a
statement accompanying the latest economic forecasts of the Commission
for the euro zone and the entire European Union, "in view of the long
downturn, we should do what to overcome the unemployment crisis in
Europe."
Rehn said at a press conference that the unemployment rate can not tolerate record levels in Spain and Greece.
For France, which barely avoided a contraction, the ratio would fall by
0.1 percent in 2013 with the advent of the impact of the decline of
domestic demand, the main engine of the economy. According to expectations France will register a growth rate of 1.1 percent in 2014.
But France will not be able to meet the deficit ceiling of 3 percent of
gross domestic product set by the European Union's commitment to, and
will record a deficit by 3.9 percent this year and 4.2 percent next
year.
For Spain, the suffering will continue from the crisis caused by the
real estate bubble that burst lasted ten years, and will be recorded a
decline of 1.5 percent in 2013 before he recorded a growth rate of 1.4
percent in 2014.
However, the government's financial figures remain bleak next year is
expected to increase the government deficit of 6.5 percent in 2013 to
7.0 percent in 2014 with the end of the period of application of some
measures.
It will be the impact of the crisis at its peak in Cyprus recently got a
save from bankruptcy deal, which is expected to decline in gross
domestic product by 8.7 percent this year in the wake of a harsh
restructuring of the banking sector on the island and impose cuts on the
accounts.
The downturn will continue in Cyprus in 2014 and beyond, according to
the Commission, which predicted the economy shrank by a total of 15
percent between 2012 and 2015.
In a rare encouraging indicator Commission predicted a rebound in
Greece by the year after six consecutive years of contraction. Greece will record a growth rate of 0.6 percent in 2014 after a major shrank by 4.2 percent this year.
With
the continued absence of signs of recovery, debate rages between euro
zone countries about ways out of the crisis, which calls for the
countries located in the south end to the austerity measures demanded by
Germany and those located further north.