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Financial Times

Eurozone economy has slowed sharply, business survey shows

Eurozone economy slows sharply as services sector stalls and price pressures cool, according to a business survey. Economists warn of possible recession, in contrast to optimistic ECB forecasts.

Eurozone economy slows sharply as services sector stalls and price pressures cool.
Benchmark purchasing managers' index falls to 50.3 in June, below economists' forecast of 52.5.
ECB forecasts were over-optimistic, warns economist Carsten Brzeski.
Flash PMI data could make ECB rate-setters more cautious about further interest rate rises.
Eurozone services companies' input costs rose above the historical average pace.

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