Eurozone Recession Likely Returned As Even Germany Is Hit By Debt Crisis


Reuters – The euro zone is likely to have slipped back into recession in the current quarter, according to a survey published on Wednesday (Sep 5) that showed a seventh month of contraction for the bloc’s private sector as new orders dwindled.

The Purchasing Managers’ Index (PMI), published by Markit, showed the economic rot that began in smaller periphery members of the 17-nation bloc is now taking hold even in Germany, the region’s largest and strongest economy. more> http://tinyurl.com/8mjw3mf

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