Denmark announced the timing of a recession.

The Danish Government expects that in 2009 the economy entered into recession, reported Reuters. It is expected that the GDP of Denmark in 2008 to grow by 0.2 per cent, and 2009-meters - will decline by 0.2 percent, transfers AFP. Under the old government forecasts the economy this year was to grow at 0,75-1 per cent, and 2009-meters - at 0.5 percent.
The global financial crisis has caused economic slowdown in many countries of Europe. In doing so, the economy of Sweden, Italy, Germany and Slovenia officially entered into recession. Their GDP declined for two consecutive quarters. Thus, the GDP of Sweden in the third quarter of 2008 decreased by 0.1 per cent. Quarter before the economy also fell by 0.1 percent.
26 Nov, 2008 the European Commission released a pan-European plan to stimulate the economy, which would help the European States to resist recession and a global financial crisis. In addition, the European regulator has promised not to apply penalties to those countries whose budget deficit exceeds three percent of GDP, as required by the Maastricht agreement.
Pan plan also includes increased investment in infrastructure and renewable energy. In addition, the States of the eurozone, will be asked to reduce the value-added taxes, provide guarantees for the obligations of their banks, as well as significantly increase unemployment benefits.