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European businesses are terrified about the future — and it is crushing the economy

European businesses are scared about uncertainty in the near future and are deferring spending as a consequence, slowing down the eurozone economy to a level not seen since 2014, according to the latest PMI data from IHS Markit released on Wednesday morning. Markit's final composite PMI figure for the eurozone — a measure of growth in the continent-wide economy — confirmed a reading of 52.
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