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...Eurozone private sector activity is contracting in the final quarter at the fastest rate since the second quarter of 2009, when the world was reeling from the Lehman Brothers collapse, according to Wednesday...
...Fears that the region’s economy was contracting were supported by a survey showing weak sentiment among German purchasing managers....
...May saw one the biggest drops in German business confidence since the collapse of Lehman Brothers in September 2008, according to the Munich-based Ifo institute....
...Even Germany is stagnating and France contracting by around 0.5 per cent,” he said....
...His mother stayed home in nearby Eatontown, to raise Preet and younger brother Vinit....
...Not only the crisis-hit eurozone “periphery” economies were contracting, he pointed out....
...Following the collapse of Lehman Brothers in 2008, global trade suffered an implosion without equal in the postwar period, dropping nearly 20 per cent in seven months....
...But after data showed Europe on the brink of a recession and Greece contracting ever harder, he added: “I still don’t think it addresses the growth concern.”...
...Portugal fell back into recession with GDP contracting by a further 0.7 per cent....
...“The manufacturing tribes have generally weathered the recession very well because overall government contracting has been resistant because of the wars,” said Mr Kalt....
...First, large parts of the markets will be pushed into clearing houses, instead of trades being settled directly between the contracting parties....
...This lowers the chances of them contracting disease, thus heading off its contagious consequences....
...This is the slowest pace of contraction since August 2008, before the collapse of Lehman Brothers, although still the 18th consecutive monthly decline....
...At the end of 2008, the world economy was contracting for the first time since the second world war – and the worst was still to come....
...A reading of 50 marks the divide between expanding and contracting private sector activity....
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...The figure was higher than expected and served as a reminder that the economy is still contracting....
...Stock markets have leapt, in some cases by as much as 50 per cent above the depths plumbed after Lehman Brothers vaporised....
...After the collapse of Lehman Brothers in New York last September, Germany’s first woman chancellor proclaimed that anyone wanting to know how the west had got itself into such a mess should ask the Swabian...
...The pace at which the 16-country eurozone is contracting may have accelerated at the start of this year, according to revised purchasing managers’ indices for the region....
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