Eurozone downturn may have bottomed out: Markit

http://useconomicoutlook2013.com/a-declining-stock-market-portends-a-recession-in-2013-us-recession-2013.php

A Declining Stock Market Portends a Recession in 2013

BRUSSELS: The eurozone may be past the worst of its economic downturn, a key indicator signalled on Wednesday, probably because the European Central Bank has underpinned confidence and because of underlying strength in the German economy analysts said.

Private sector business activity across the eurozone may have bottomed out, the survey showed, although recession is likely to last into next year.

This latest pointer to a possible easing of the gloom is in line also with a sharp easing of tension on the eurozone government bond market where a sudden surge of interest rates marked the onset of the single currency area's debt crisis.

http://economictimes.indiatimes.com/news/international-business/eurozone-downturn-may-have-bottomed-out-markit/articleshow/17494069.cms