herald

Tuesday 26 September 2017

Recession fears ease

THE eurozone may dodge a second recession due to a surprise upturn in the service sector this month.

However, it may be too soon for celebrations as the overall economy is still struggling to gain any traction outside Germany and France, surveys have revealed.

Markit's Flash Eurozone Purchasing Managers' Composite Index showed the eurozone economy grew in January for the first time since August, confounding forecasts for a contraction.

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