Credit markets are showing that the eurozone is the weakest economic zone on earth and the risk of an economic recession is higher than at any time since the financial crisis.
The eurozone has seen its gross domestic product fall by 1.5 percent, while unemployment has risen to record levels.
The report released by Credit Suisse said that the country was one of the worst performers in the world on global financial indicators, with the eurozone economy growing by just 0.5% in the first quarter of the year.
The bank’s global chief economist, Benjamin Talbot, said the eurozone had been hit particularly hard by the financial meltdown.
“Its weaker than it’s been for years, and now its worse than it was before the crisis, Talbot said.”
It’s not just that the economy is struggling to recover from the financial downturn, but the banking system is also under stress,” he said.
The country was also in recession in terms of consumer confidence, with retail sales falling by 0.1 percent in the three months to the end of March.
The US has been in recession for more than two years and the eurozone has been struggling for years,” he continued. “
We think that the EU and the US are more likely to be in a stronger position than they were at the beginning of the crisis,” he added.
“The US has been in recession for more than two years and the eurozone has been struggling for years,” he continued.
The report came as the US Federal Reserve released a statement confirming that it was considering a $1 trillion stimulus package for the US economy.
The Federal Reserve announced that it would increase its monthly bond purchases in an effort to keep up with rising interest rates.
The Federal Reserve said it was “considering” increasing the amount of money available to the Federal Reserve.
It said the increase would be used to provide “extraordinary measures” to support the economy and help reduce unemployment.
President Barack Obama said that he was “extremely encouraged” by the announcement.
In the United States, the US unemployment rate fell to 5.9 percent last month, but it remains over 7 percent.
While the European economy is on the mend, there is no sign that the crisis has been averted.
On Wednesday, the European Central Bank reported that the number of people in its banking system that were at risk of default jumped by 5.4 million.