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The German and French leaders: the two countries' economies are leading the eurozone (Photo: The Council of the EU)

Germany and France lead way in 'two-speed recovery'

The economic recovery of the eurozone slightly lost its momentum in August, with most of the growth dependent on the performance of Germany and France, a purchasing managers' index survey published on Monday (23 August) showed.

According to the preliminary figures from Markit, a UK-based research firm, the eurozone composite output index, which measures activity across the private sector, including the manufacturing and services sectors, fell to a two-month low of 56.1 in August, down f...

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The German and French leaders: the two countries' economies are leading the eurozone (Photo: The Council of the EU)

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