Eurozone Heads Toward Recession

Wednesday, Aug. 15, 2012

The eurozone economy contracted 0.2% between the first and second quarters, bringing it closer to a double-dip recession. Meanwhile, Germany's gross domestic product grew 0.3%, according to Eurostat. France's economy stagnated, while Greece declined 6.2%, Portugal 1.2%, Italy 0.7% and Spain 0.4%.

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