Eurozone economy 'is on the brink of recession'

ARTICLE - The eurozone economy may shrink in the fourth quarter of this year, and there is a risk of outright recession, according to the latest growth indicator produced for the Financial Times, FT Deutschland and Les Echos.

The indicator, compiled by a consortium of leading European research institutes, suggests that year-on-year economic growth will fall to 0.5 per cent in the fourth quarter from an estimated 1.2 per cent in the third. In the first quarter of 2002, year-on-year growth is

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