NEW YORK (CNNMoney) -- Europe, already strained by a deep debt crisis and spiraling financial markets, has succumbed to the global economic malaise.
Gross domestic product for the 27 nations that are part of the European Union, including the 17 countries that use the euro as their currency, grew at a combined quarterly rate of 0.2%, according to preliminary estimates released Tuesday from Eurostat, the EU statistics office.
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