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Euro zone economy shrinks in Q1, marks longest ever recession
The euro zone's economy contracted for the sixth straight quarter at the start of this year, data showed on Wednesday, marking its longest recession on records dating back to 1995. Falling output across the bloc, from France to Finland, meant the 17-nation economy shrunk 0.2 percent in the January to March period, the EU's statistics office Eurostat said. That was slightly worse than the 0.1 percent contraction forecast by economists polled by Reuters and highlighted the devastating impact of the euro zone's debt and banking crisis that has driven unemployment to a record 19 million people. While Germany managed to ... (full story)
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