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Euro zone economy recession 2012 02 15

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Currency bloc contracted in final three months of 2011, raising recession fears
The euro zone recession has deepened, with the economy contracting 0.6 percent in the fourth quarter of 2012.
Euro zone economy recession 2012 02 15

The decline over the final three months of last year was the first slump since the second quarter of 2009, when output contracted 0.2 percent at the height of the global financial crisis.

Sean Gallup