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Euro notes are pictured at a bank in this photo illustration.
Euro notes are pictured at a bank in this photo illustration.
(LEE JAE-WON/REUTERS)

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Euro zone drifts towards a real recovery

The euro zone economy remains mired in an apparently endless gyration between anemic recovery and shallow recession. Last week’s weak surveys of purchasing managers were the lowest value since June, 2009, and GDP is still about 1 per cent below the peak level of 2008. After several years of poor growth in GDP, a decline is expected this year.