The European Union (EU) economy is getting out of recession after hard hit by the financial crisis, but uncertainty remains high, the European Commission said in a report on Monday.
"The situation has improved, mainly due to the unprecedented amounts of money pumped into the economy by central banks and public authorities, but the weak economy will continue to take its toll on jobs and public finances," said EU Economic and Monetary Affairs Commissioner Joaquin Almunia, Xinhua reported.
According to the commission's interim forecast released today, both the EU and eurozone economy will return to positive growth in the third quarter of this year, increasing by 0.2 percent over the previous three months after continuous decline following the outbreak of the financial crisis.