Andy Bruce London The fourth quarter has so far brought no improvement in the fortunes of most of Europe’s economies, which now risk shrinking more than previously expected, surveys showed yesterday. Purchasing managers indices (PMIs), which gauge the activity of thousands of companies worldwide, showed euro zone businesses endured their worst month in October since June 2009, with little hope of a turnaround coming soon. The euro zone relies heavily on Germany, its largest economy, to generate growth. Business activity there shrank at a faster pace last...
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