Europe In Worst Recession Since World War II

Here are the awful figures out of Europe:

  • Germany’s economy shrank by 3.8% in the first three months of the year.
  • Austria’s economy shrank 2.8%.
  • The economy of the Netherlands shrank 2.8%.
  • Spain’s economy contracted by by 1.8%.
  • France’s economy shrank 1.2 per cent.
  • The UK saw a 1.9% contraction.
  • Italy’s economy shrank by 2.4%.

 

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