EU doubles 2009 forecast economic contraction

The full Spring Report is linked here, but the headline figure is for a 2009 contraction now put at FOUR PER CENT!


The unrealistic optimism of recent months then resumes (compared to the IMF forecast the 4% contraction could also eventually prove optimistic) but to get a full idea of the cloud cuckoo land the EU Commission inhabits have a look at this graph from their report:



I ask you is such a rebound really feasible?