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Indicators Fall in China and Europe

Jack Ewing and Bettina Wassener, New York Times
March 22, 2012
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A key indicator of business sentiment in Europe unexpectedly fell deeper into recession territory Thursday, compounding concerns about the global recovery following signs of slowing manufacturing in China.
 
Major stock indexes in Europe slipped and the euro fell against the dollar after a survey of purchasing managers suggested that growth in the euro zone shrank during the first three months of the year. That would be the second negative quarter in a row, meeting the definition of a recession.
 
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