Questions in Europe as Outlook Falls
145 views · Published 24 February 2012 · 5:13 · Indexed 27 September 2026
Channel: The Wall Street Journal · 2012 · News & Politics
The European Union sharply downgraded its growth outlook for the regions' economies, setting the stage for a renegotiation of deficit targets for some member states. Spain, for example, is now forecast to contract 1% this year, and failure to give it some reprieve from draconian austerity measures could send one of the region's largest troubled economies into a "death spiral" similar to that of Greece, economists say. Don’t miss a WSJ video, subscribe here: http://bit.ly/14Q81Xy More from the Wall Street Journal: Visit WSJ.com: http://www.wsj.com Visit the WSJ Video Center: https://wsj.com/video On Facebook: https://www.facebook.com/pg/wsj/videos/ On Twitter: https://twitter.com/WSJ On Snapchat: https://on.wsj.com/2ratjSM
