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Eurozone economy slumped 12.1% in the second quarter

The eurozone economy slumped 12.1% in the second quarter, or down 15% year-on-year, the Eurostat statistics agency said Friday. Eurostat said separately that its preliminary estimate of annual inflation in July rose from 0.4% in June to 0.4% in July. The euro EURUSD,
-0.01%
remained stable on the day, trading at $ 1.1850.

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