Ireland and Spain to lag behind in Eurozone recovery
The EU says the Eurozone economy will recovery gradually next year, but Ireland and Spain will remain in recession until 2011.
The Commission is also warning that Government Budget deficits and unemployment will continue to climb.
The European Commission expects the eurozone economy to contract by 4.1 % this year before expanding by 0.7 % next year, with further growth in 2011.
However some ecomonies will emerge from recession faster than others.
The UK will outpace the eurozone average, but by contrast Ireland along with Spain are expected to remain in recession until 2011.
Even though the EU and eurozone economies are expected to recover during the next two years, unemployment will continue to rise, according to the Commission.
It expects the jobless rate to reach 10.9 % in the eurozone in 2011, while stablising to around 10.3 % in the EU as a whole.
