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EU finally emerges from recession as India hits record low

Expansion of 0.3% finally sees the euro area out of recession according to the EU statistics office but the rupee has its sharpest single-day fall for two years.

By Richard Nehme | Aug. 16, 2013 11:14 BST
Euro continues to benefit from weaker USD
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International news

GDP in the 17-nation euro area expanded 0.3% in the second quarter after a -0.3% contraction in the previous three months. The report from the European Union statistics office showed that the region successfully emerged from its longest recession in history [...]

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