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News Summary: German business optimism fades

By The Associated Press
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GATHERING CLOUDS: A key measure of German business optimism fell in June, another sign that the financial crisis could slow Europe’s biggest economy in coming months

STILL GROWING: Germany’s export-oriented economy has done better than many others in Europe and grew 0.5 percent in the first quarter from the quarter before. But the confidence survey suggests that things could get more difficult.

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