Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

A Strong Danger of Recession for Countries in Euro Zone

By Jacob Lender Subscribe to RSS | July 7th 2012 | Views:

According to a report of the Organization for Economic Cooperation and Development that came out last week, there is a warning that all the seventeen countries which are a part of the euro zone are under a threat of getting into the trap of recession on a very worst level. It has given a suggestion to the governments as well as the central bank of Europe that they must take some quick action so that the slow growth of the economy of the global level can be brought into some good condition and that too as soon as possible.

Pier Carlo Padoan, Chief Economist of the OECD has issued a warning the economy of the countries of the euro zone could make a contraction by more than an amount of 2 per cent in the present year that 2012. This is the figure that has been put up by the organization that is going to come in the month of November when the economy of the world is going to face the worst situation. This organization has its base in Paris. The organization in its global economic outlook which it comes out with, every six months, it takes into consideration the trend of the economy of the world of all the developed economies.

The officials had to say that in an average forecast the economy of the countries of the euro-zone is going to shrink by 0.1 per cent in the present year and then grow quite a little by the year 2013. Before the release of the report, Padoan informed the reporters that what they are seeing today is that the condition of the countries of the euro area is only going to come downwards. And if thing really happens then a severe trouble of recession will be settling in this region which is also going to show its ill-effects on the other parts of the world as well. Avail quick funds through text loan lenders @ & solve all your fiscal worries in quick time.

The report also says that Europe is even behind other countries mainly behind the United States Of America. It is expected that the economy of the US is going to see an increase of 2.4 per cent in the year 2012 as an increase of 2.6 per cent in the year 2013. Padoan also said that the trend in between the US as well as the euro area is diverging where the condition of the US is getting better on a faster pace while it is not so the case of the euro area.

Jacob Lender - About Author:
Jacob Lender is an expert financial adviser. He writes articles on text loans & instant text loans for more visit site: -

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:

Related Finance Articles Subscribe to RSS

Faulty finance intended to increase values of homes
Published by Sli Dell on March 10th 2012 | Finance
After an allegation of faulty loans on UK banks created a serious problem for them. Specific allegat...
Instant Cash Loans: Immediate finance program
Published by Declan Dylan on January 9th 2012 | Finance
Instant cash loans refer to a variety of immediate finance programs which the British people look fo...
Cash Loans No Credit Check Canada: Alleviation of finance crisis
Published by Lily Jacobs on March 12th 2012 | Finance
Cash loans no credit check Canada are an ideal option available to the salaried people of Canada to ...
Overcome finance related business issues with a reliable insolvency company
Published by Ashish Pandey on January 16th 2012 | Finance
Any business might go through different kinds of hurdles and when things get out of control it is go...
Quick Text Loans- astonishing opportunity to obtain finance quickly
Published by Calvien Peter on November 30th 2011 | Finance
Quick Text Loans are enormous funds that are availed to candidates on sending an easy text to your a...
Meet all small tasks with ease with short period online finance
Published by Sandra Jeux on March 1st 2012 | Finance
Now don’t bother about urgent cash you need at the time of emergency, apply online with easy short...
Personal finance can be fun - Saving money in this tight economy
Published by Sandra Parker on January 23rd 2012 | Finance
In a tight economy it can become hard for you to save money. But, in actuality if you give importanc...
Apply and avail the cash required by you with easy online finance
Published by on March 9th 2012 | Finance
Online finance is the proper platform of getting funds when you are empty handed. So do not think mu...
Debtor finance – general considerations
Published by Adair Sawyer on May 11th 2012 | Finance
Many companies find themselves in the impossibility of further developing their business because the...
Solve many of your problems in a while through quick finance
Published by John Harry on February 18th 2012 | Finance
Easy finances through financers help an individual to fight with the devils of unexpected expenses. ...
Get easy finance for your new business venture
Published by on January 21st 2012 | Finance
Do you want to start your own business, which requires funds but don't have idea on how to arrange t...