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Eurozone Economic Growth Rate Unexpectedly Doubles

The eurozone economy has finally recouped all the ground lost in the recessions of the past eight years after official figures Friday showed that the 19-country single currency bloc expanded by a quarterly rate of 0.6 percent in the first three months of the year. The scale of the increase reported by Eurostat in a preliminary estimate was unexpected — the consensus in the markets was for a more modest rise to 0.4 percent from the previous quarter's 0.3 percent. Eurostat...

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