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European economic rebound slows as virus cases rise

by Carlo Piovano
| August 21, 2020 9:27 AM

LONDON (AP) — The European economy's rebound from the coronavirus recession appears to have slowed in August as a resurgence in new confirmed contagions across the region makes businesses, shoppers and travelers more cautious.

An indicator of business activity published Friday by research firm IHS Markit fell back to a level that suggests the economy is barely growing after a relatively strong burst in July, when many countries had phased out the restrictions on public life that were imposed in the spring to contain the pandemic...

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