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Most EU countries set to slide into recession in Q4

Brussels, Nov 12 (IANS) European Commissioner for Economy Paolo Gentiloni warned that the outlook for next year has "weakened significantly", and that most European Union (EU) countries will be in recession in the fourth quarter of this year.The EU economy is now "at a turning point" Gentiloni said while addressing a press conference in Brussels on Friday shortly after the European Commission announced that it had slashed its forecast for economic growth next year.The European Commission's autumn forecast predicted falling economic output in the last three months of this year...
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