EU Headed For Recession, KPMG Study Finds

Law360, New York (November 12, 2008, 12:00 AM EST) -- The European Union appears to be headed into a recession over the next 12 months, according to a KPMG International survey that found an increasingly glum outlook for business activity among European service providers.

KPMG's Business Outlook Survey for Europe, released last week, showed that the net balance of the expected volume of business activity had fallen for the third time in a row since April 2007 and has now reached a level where more service sector companies expect business to drop than anticipate that it...
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