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Europe recovers from double-dip recession but lags the United States.



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Daily Business BriefingJuly 30, 2021Updated July 30, 2021, 9:33 a.m. ETJuly 30, 2021, 9:33 a.m. ET Workers at a Volkswagen assembly line in Zwickau, Germany, last month.Credit…Matthias Rietschel/ReutersEurope’s economy exited a painful double-dip recession in the second quarter, rebounding faster than expected from the ravages of the pandemic as consumers spent pent-up savings and restaurants, factories and other businesses sprang to life after pandemic control restrictions eased.Gross domestic product, the broadest measure of economic output, grew 2 percent in the second quarter of the year in the eurozone, up nearly 14 percent from a year ago and reversing a 0.3 percent contraction in …

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