Eurozone to face bleak winter says Ernst & Young

Leading auditing firm Ernst & Young has forecast that the eurozone will face a bleak winter.



The company predicts that a mild recession is likely in the first half of next year, leading to economic growth of just point 1 percent for the whole of 2012.



Ernst & Young also said unemployment in the eurozone was not likely to fall below 10 per cent until 2015.



Meanwhile, Greece - Europe's most indebted country - said that it would have had its worst recession ever in 2011.