Europe in Recession, Closely Watched Survey Shows
Purchasing Managers' Index shows euro zone output down for a second straight month. But inflation concerns help stymie government action to stimulate demand.
David Turner
March 22, 2012
A Euro sign sculpture stands in front of the European Central Bank's (ECB) headquarters in Frankfurt, Germany, on Wednesday, Dec. 07, 2011. The European Central Bank may delve deeper into its toolbox today to stimulate bank lending and fight off a recession as Europe's leaders gather to lay the foundations for a fiscal union. Photographer: Hannelore Foerster/Bloomberg
Hannelore Foerster/Bloomberg
