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**caseferter** · 02-03-2009, 04:36 AM

Meanwhile in Europe, a new survey indicated manufacturing activity in the 16 countries using the euro retreated in January as France's finance minister said that unemployment climbed by 45,000 last month.

Christine Lagarde said official figures would be released later in the day but confirmed the surge in joblessness and warned that France "will certainly be in recession at some point or another."

"I'd be extremely astonished if we have positive growth in 2009, let's be realistic," she told reporters on board a train heading to Lyon, where Prime Minister Francois Fillon was due to unveil new stimulus measures.

Germany, Europe's biggest economy announced last week that unemployment jumped had 387,000 in January.

02-03-2009, 04:36 AM	#2
caseferter Join Date Oct 2005 Posts 415 Senior Member	Meanwhile in Europe, a new survey indicated manufacturing activity in the 16 countries using the euro retreated in January as France's finance minister said that unemployment climbed by 45,000 last month. Christine Lagarde said official figures would be released later in the day but confirmed the surge in joblessness and warned that France "will certainly be in recession at some point or another." "I'd be extremely astonished if we have positive growth in 2009, let's be realistic," she told reporters on board a train heading to Lyon, where Prime Minister Francois Fillon was due to unveil new stimulus measures. Germany, Europe's biggest economy announced last week that unemployment jumped had 387,000 in January.
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