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Monday, April 23, 2012

Eurozone looks to be sinking deeper into recesson

Eurozone factory activity continued to contract in April as PMI fell to a preliminary 46 in April from 47.7 in March and vs. expectations of 48.1. The region is "extending what appears to be a double-dip recession into a third consecutive quarter...Germany saw growth weaken to near-stagnation, while France saw a worryingly steep downturn,".

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