Euro zone faces deepest downturn since early 2009

LONDON (Reuters) – The euro zone economy is on course for its weakest quarter since the dark days of early 2009, according to business surveys that showed companies toiling against shrinking order books in November.

Service sector firms like banks and hotels that comprise the bulk of the economy fared particularly badly this month, and laid off staff at a faster pace.

The flash service sector PMI fell to 45.7 this month, its lowest reading since July 2009.

See on www.reuters.com

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