Originally posted on Business 360:
[cnn-video url= "http://edition.cnn.com/video/#/video/business/2012/12/07/qmb-sorrell-eurozone-growth-warning.cnn"]
(CNN) – The 2013 forecast for European economic growth has turned into a prediction for decay. The European Central Bank on Thursday flipped next year’s gross domestic product forecast from growth of 0.3% to a fall of 0.9% next year.
Martin Sorrell, CEO of WPP, told CNN’s Richard Quest he fears Europe’s growth problem will last more than just one year.