The eurozone's economy has slipped further towards recession, with fresh output figures pointing to an economic downturn in the 15-strong zone as well as in the whole of the European Union, while inflation remains at a record high.
According to early predictions by Eurostat, the EU's statistical office, gross domestic product (GDP) in the euro area dropped by 0.2 percent during the second quarter of 2008. This makes it the very first time that the monetary bloc's economy declined since ...
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