According to a survey, the 18-country eurozone faces the real prospect of sliding back into recession. An estimate of the Purchasing Managers’ Index of research firm Markit showed a drop to 51.4 from 52.1 in October. That’s a 16-month low, and a sharp disappointment for financial markets, which had expected the index to rise to 52.3. Manufacturing output growth picked up slightly to the highest … [Read more...]
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