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New Data Shows Italy in Recession

Europe's 18-nation euro bloc is facing new economic pressure, with its third biggest economy in Italy unexpectedly falling again into a recession. Italy said Wednesday that its economy contracted two-tenths of one percent in the April-to-June period, on the heels of a first-quarter drop as well. It was the third time Italy has slipped into a recession since 2008. Meanwhile, Germany, the eurozone's biggest economy, reported that manufacturing orders dropped in June at the...

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