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Data points to eurozone recovery losing steam in Q3

Published on Dec 4, 2013 10:56 PM
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PARIS (AFP) - The eurozone recovery is losing steam, data released on Wednesday suggested, with France possibly heading back into recession.

Eurostat released its second estimate of the eurozone's third-quarter growth, which was unchanged at 0.1 per cent.

That marks a slowdown from the 0.3-per cent economic growth recorded in the second quarter when the eurozone escaped a record 18-month recession.

HSBC bank analyst Matteo Caminetta said the eurozone's dependence on global trade for recovery was obvious.

 
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