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Pre-Market Primer: Stocks Tumble After Global GDP Numbers Disappoint
Futures sagged today after GDP numbers for several countries fell. Japan's economy continued to shrink in the fourth quarter by 0.1% a narrower dive from a 1.0% fall in the third quarter. Economists expected Japan to show a small amount of growth. Germany's contraction helped deepen the recession in the eurozone. German GDP dropped 0.6% mostly on weak export demand. The eurozone economy as a whole shrank 0.6% the fastest rate since 2009. For the full year the eurozone showed sub-zero growth. The French economy fared worse than expected as well contracting by 0.3% after growing 0.2% in the ...
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