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Sunday, February 16, 2014

Eurozone recovery firms up.

A veritable feast of eurozone GDP data has shown that the bloc's nascent recovery strengthened a bit in Q4. The eurozone's growth accelerated to 0.3% on quarter from 0.1% in Q3 and topped forecasts of +0.2%, while German GDP increased to +0.4% from +0.3%. Even in France, where data has been variable lately, the economy recovered from a fall of 0.1% in Q3 to expand 0.3% last quarter. The GDP figures have helped boost European stocks.

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