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    Eurozone morale improves, still record unemployment

    euronews (in English)

    by euronews (in English)

    Economic confidence in the eurozone improved sharply in August, up for the fourth straight month.

    As the region came out of recession, business managers surveyed by the European Commission said they were more optimistic than they have been in the last two years.

    The upbeat outlook was based on business orders, industrial confidence and other factors such as companies' hiring plans.