Europe’s slow recovery still fragile, warns UN report Many European countries still struggling with high unemployment ; geopolitical tensions have potential to disturb recovery
Geneva, 19 January— Europe continues to recover moderately from the global financial crisis of 2008, but tensions in Ukraine and other risks could send Europe back into a recession, according to the United Nations World Economic Situation and Prospects 2015 (WESP) released today. Gross domestic product (GDP) for Western Europe is estimated to have grown by 1.2 per cent in 2014, and growth is expected to strengthen only to 1.5 and 1.9 per cent in 2015 and 2016, respectively….
