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Wednesday, August 15, 2012

Eurozone economy contracts as German growth slows.

 Eurozone GDP fell a quarterly 0.2% in Q2, which was in line with forecasts but was down from unchanged in Q1. Germany's GDP growth slowed to 0.3% from 0.5%, with the meager growth helped by exports and private and public consumption. However, the Bundesbank said there are signs of a "certain decrease in growth" for H2. Meanwhile, France continued to stagnate as GDP stayed unchanged in Q2 for the third quarter in a row.

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