Europe's economy will rebound next year from a deep slump and accelerate in 2011, the European Commission said on Tuesday, paving the way for major deficit cuts across the 27-nation bloc from 2011 at the latest.
The European Union's executive arm forecast that the EU economy would expand by 0.7% in 2010 and 1.6% in 2011 after a contraction of 4.1% this year. (Reuters)
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