Eurozone recession looms, surveys show –



The eurozone will almost certainly slip back into recession, according to surveys of business activity that highlighted how Germany’s economy is being dragged into the region’s crisis. An index of purchasing managers in the eurozone showed a seventh consecutive private sector contraction. The “flash”, or preliminary, August figure for the bloc was broadly unchanged at 46.6 from 46.5 a month earlier but the decline in German output accelerated. Eurozone recession looms, surveys show –

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