EU emerging from recession but threats remain

THE EU is coming out of recession, according to figures from the big member states.

And for the first time since the start of the economic crisis the European Commission has not revised its forecast downwards for the coming months.

But while the outlook for the EU is more positive, the good news was heavily laced with warnings that the effects of the crisis were not likely to disappear overnight. GDP is still expected to fall by 4% on average this year, while employment and public finances continue to pay the cost.