Two cranes with the French construction group Bouygues company logo are seen in the morning sky in Orly, France, near Paris, August 1, 2015. REUTERS/Stephane Mahe
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Economic growth in the eurozone slowed in the second quarter as France stagnated and Italy lost momentum, held back by an uncertain global outlook that is even weakening investment in powerhouse Germany.Growth in the 19-country currency bloc slowed to 0.3 percent, missing expectations for a 0.4 percent quarterly expansion that would have matched the first quarter.In Germany, Europe's largest economy, growth accelerated slightly to 0.4 percent in the second quarter from 0.3 percent in the first, but was below expectations for a 0.5 percent expansion as weak investment acted as a drag.Italy's economy grew by 0.2 percent in the second quarter after 0.3 percent in the first as a weak recovery from three years of recession lost momentum.In the Netherlands, the economy grew by 0.1 percent on the quarter in the April-June period.However, some economists expected the global uncertainties to fade away and eurozone growth to firm in the second half.
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