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It took a photo finish, but the EU economy is officially in recession.

According to revised data revealed on Thursday, the Eurozone economy shrank by 0.1% in the first quarter of the year -- following a shrinkage in the final quarter of last year. That places the 20-nation economic bloc within its technical definition of a recession. But don't worry, they don't seem to be sweating it just yet.

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Source Fool.com