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Euro-zone economy grinds to halt even before Russia sanctions bite

Section: Daily Dispatches

By Michelle Martin and Martin Santa
Reuters
Thursday, August 14, 2014

Euro-zone economic growth ground to a halt in the second quarter as Germany's economy shrank and France's stagnated.

The zero growth, reported today by statistics agency Eurostat, was cause for alarm throughout the 18-nation region, which is already bracing for the impact of sanctions imposed on and by Russia over Ukraine.

Germany, Europe's largest economy, contracted by 0.2 percent in the quarter, undercutting Bundesbank forecasts that gross domestic product would be unchanged. Foreign trade and investment were notable weak spots, the German Statistics Office said. ...

... For the remainder of the report:

http://uk.reuters.com/article/2014/08/14/uk-eurozone-economy-idUKKBN0GE0...



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