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OUCH: The EU Just Slashed Its Growth Forecast For The Euro-Area

Sam RoFeb 22, 2013, 15:32 IST

Arenamontanus / FlickrThe European Union now expects GDP growth in the euro-area to fall 0.3 percent in 2013.

Previously it estimated 0.1 percent growth.

The EU is also forecasting 1.4 percent growth fro 2014.

Markets, which have been up all day, aren't reacting significantly to the report.