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We are concerned about the Euro Zone's economy

The euro zone slipped deeper than expected into recession.Gross domestic product (GDP) fell by 0.5% in 2012.And euro zone slump expands to Germany. Almost every one of the euro zone's 17 members suffered a drop in the GDP.The trade balance deteriorated to a deficit of 3.9 billion € in January.The unemployment rate rose to 11.9% and is set to continue rising.The big euro zone's economies are now caught in a deep slump and are unlikely to emerge from it in the near future.Despite rising concern Europe's governments have pursued austerity programs and the timing of a recovery is called into question.If Germany begins growing again it could obviously help pull other countries out of recession. Unfortunately the latest figures which have been released by german economists are in the opposite direction from any improvement of the country's economy.

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