Weak Exports and Domestic Spending Declines Push Eurozone to the Recessionary Brink
August 15, 2008 at 12:28 PM EDT
The Eurozone economy recorded its first decline in more than a decade as slowdowns in the European Union’s largest economies dragged on gross domestic product (GDP). The Eurozone economy, which covers the 15 nations that share the euro currency, contracted 0.2%…