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Darling will forecast a contraction of at least 3%.
It forecast a contraction of 0.6 percent in 2010, then growth of 0.9 percent in 2011.
France's central bank forecast a contraction in growth going into the third quarter, citing weak demand from southern Europe and from Britain.
The E.U. outlook was slightly less pessimistic than that of the International Monetary Fund, which last month forecast a contraction of 4.2percentthis yearandand 0.5percentt next year for the euro area.
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forecasts a contraction of 2.8percentthis yearandand flat growth in 2010.
Meanwhile in Hungary, the International Monetary Fund forecasts a contraction of 6.7percentt, with some economists estimating even worse.
The economy is shrinking the Bank of Japan forecasts a contraction of 0.9-1.2 0.9-1.2ear—and, though many hope that America's recovery will start to help Japan at the end of this year, few are optimistic about the future.The curse of price destructionMany companies—over 2,000 of Japan's 3,700 listed businesses—are not investing but paying down their debts.
It also revised its forecast for the euro zone, predicting a 0.3% contraction in 2013; it had previously forecast a 0.2% contraction.
The government has forecast a 2.2percentt contraction this year.
It forecast a mild contraction of 0.3 percent in the 17 countries that use the euro.
In July, the IMF forecast a further contraction of 4.2percentt in 2009 and growth of 0.2percentt in 2010.
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