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Weak eurozone data underline fragile recovery

Eurostat has reported that growth in the eurozone economy slowed to 0.3% in the second quarter, below expectations of 0.4% expansion that would have mirrored the first three months of the year. France felt a jump in exports but this was not enough to offset weak consumer spending, resulting in flat growth following 0.7% expansion in the first quarter, revised up from 0.6%. Growth in Germany ticked up to 0.4% in the second quarter from 0.3% in the first.

 

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