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In its Spring 2012-13 forecast, the executive arm of the 27-nation bloc said "the recovery is forecast to set in slowly from the second half of the year on. The picture presented in the interim forecast in February is broadly confirmed for 2012, with real GDP projected to stagnate in the EU and to contract by -0.3% in the euro area."

For 2013, the EC has projected the economic growth "at 1.3% in the EU and 1.0% in the euro area."
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Breaking news from Salt Lake City Sun covers local, state, national and global developments.
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Generating news from across Salt Lake City, with stories from around Utah, and world updates, Salt Lake City Sun, has been serving the state capital for more than a decade. Movie reviews by James Kendrick, an inventory of RSS feeds, and news polls also feature on Salt Lake City Sun.