Eurozone is 'exiting recession'

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"The economy appears to be at a turning point," the commission said.

It forecast growth of 0.2% for the July to September quarter, with Germany and France continuing to grow and Italy exiting recession.

The commission also forecast the UK economy, which is outside the eurozone, would grow by 0.2% during the third quarter, marking the end of recession.

Separately, official figures showed that eurozone industrial production fell by 0.3% in July compared with the previous month.

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