Estimates on the economy worsen and above all the labor market is still in difficulty in the euro area: in its spring economic forecasts, the European Commission estimates a drop in GDP of 0,4% (more accentuated than the previous -0,3 .0,6%) for the entire currency union this year, after minus 2012% in 1,2, followed by a recovery of 2014% in XNUMX only.
But in the meantime, unemployment will have risen to 12,2% this year, from 11,4% in 2012, and will remain almost unchanged in 2014 with a drop to 12,1%, according to the EU executive. “Unfortunately for the labor market we do not yet expect a turnaround this year”, commented the European Commissioner for Economic Affairs, Olli Rehn, presenting the report.
