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Tue 08 Aug 2010Euro zone growth loses momentum
THE EUROZONE’S rapid growth spurt lost some momentum in August with a robust performance by Germany failing to make up for a weaker pace of expansion in France and near stagnation elsewhere in the 16-country region.
The eurozone expanded rapidly in the three months to June, when gross domestic product rose by 1 per cent compared with the previous quarter, powered by a dramatic 2.2 per cent expansion in Germany.
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