Euro Area Growth Expected to Shrink 0.3% in 2013

Feb. 22 (Bloomberg) -- Bloomberg Markets Editor Manus Cranny reports that the European Commission expects the euro-area economy will shrink for a second year in 2013. The euro zone’s GDP is now expected to fall 0.3 percent this year, compared with a November prediction of 0.1 percent growth. He speaks on Bloomberg Television's "The Pulse."

Slowest Inflation in Two Years Ratifies Poloz's Pessimism
29:21 - Canada's core inflation rate was the slowest in two years in August, missing even the most bearish forecast, in another blow to the country’s economic outlook. Bloomberg's Greg Quinn reports. (Source: Bloomberg)
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