Cranes are on display at the 'Bauma' Trade Fair for Construction, Building Material and Mining Machines and Construction Vehicles and Equipment in Munich, southern Germany, April 11, 2016. REUTERS/Michael Dalder
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Eurozone economic growth slowed much more sharply than expected this month, a business survey showed, which along with weaker inflation has intensified concerns there will be no return to the bloc's recent boom times.While the expansion still remained relatively strong, growth slowed to a 20-month low in the bloc's largest economy, Germany, and the lowest in a year in a half in No. 2 economy France, according to the latest IHS Markit purchasing managers' surveys.The declines in the forward-looking components are somewhat worrying," Jessica Hinds of Capital Economics said.HIS Markit said the PMI, alongside the April reading, pointed to second quarter growth of 0.4 percent, weaker than the 0.6 percent prediction in an April Reuters poll.
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