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The Boston Globe

Business

Fears deepen as European economy falters

PARIS — The European economy appears to be slowing further, private-sector data showed Thursday, raising the possibility that the recession will deepen even as the crisis in Cyprus undermines faith in the future of currency union.

An index of eurozone purchasing managers by Markit Economics fell in March to 46.5 from 47.9 in February, with the rate of decline worsening for the second month in a row.

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