Europe's Grim Outlook Challenges World Recovery Article By MARCUS WALKER and JOELLEN PERRY Europe's economy faces a deeper recession and a slower recovery than the U.S. or other parts of the world, making it the region that is most hurting prospects for an early end to the global economic slump. The EU's economy is set to contract 4% this year, even worse than the 2.8% drop projected for the U.S., according to new forecasts published Wednesday by the International Monetary Fund. Those figures came as the U.K. released a budget that includes its biggest jump in the national debt since...