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Fri 05 May 2009Euro zone economies fall 2.5%
Europe sank to what may be the recession's low point in the first quarter of the year as tumbling German exports and investment plus further sharp drops in output elsewhere sped up the pace of a year-old contraction.
Official estimates today showed the first quarter was the worst on record at European level, although more up-to-date business surveys suggest that early 2009 may prove to be the low point of the first global recession since World War Two.
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