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Thursday, May 15, 2014

Eurozone GDP growth held steady at 0.2% in Q1

Eurozone held steady growth but missed consensus of 0.4% as France returned to neutral with zero growth after rising 0.2% in Q4 and Italy fell back into contraction of 0.1% following an expansion of 0.1%. Still, at least Germany maintained its role as the bloc's engine of growth, with GDP strengthening to 0.8% from 0.4% and topping expectations.

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