The first quarter of 2009 has brought in more trouble for the sixteen member European zone. The zone has recorded a negative 2.5% growth in the quarter, which is the worst ever figure since the zone came into existence. The negative growth figure is also far higher than the 2% negative growth estimates by most of the leading analysts.

The European Central Bank does not have any more weapons in it’s arsenal to fight the negative economic growth problem. The increasing unemployment and also the continuing crash in exports are expected to push down the growth further in the coming months.

Only a quick US and Japan economic recovery can help the European Zone to come out of recession.