WhereDaily News: Phocuswright Research Finds Sputtering European Economy Halts Holiday Spending Recovery

NEW YORK, NY--(Marketwired - Dec 18, 2014) - After climbing out from the depths of the global economic recession, Europe appeared to be on track for a lasting recovery. But despite some signs of progress, the region's economic rollercoaster continued in 2014, amid fears of a renewed slowdown in the region's largest economies. Branded as Europe's growth engine, Germany sputtered in the second quarter as the country's gross domestic product (GDP) contracted. Add to that geopolitical turmoil and deflation concerns, and it is clear that Europeans have plenty to be concerned about.

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