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Eurozone GDP declined for the sixth successive quarter in Q1 2013, falling by -0.2%. Peripheral economies continued to struggle, with Spain and Italy both contracting by -0.5% in Q1. However, previously resilient core economies have also been weak in recent quarters. Germany only narrowly avoided a recession in Q1, growing by just +0.1%. France entered a double-dip recession, contracting by -0.2% for the second consecutive quarter.
Source : Knight Frank
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