Eurozone economy shows signs of slowing down. Disappointing data, in 16 countries that use the euro, stoke economic recovery fears Eurozone economy shows signs of slowing down - Yahoo! Finance LONDON (AP) -- Europe got further evidence that its unexpectedly strong economic recovery is slowing, with the news that Germany investor confidence fell sharply in September and industrial production unexpectedly stagnated during July. The twin pieces of economic data have reinforced the view that the eurozone economy, which grew by a quarterly rate of 1 percent in the second quarter of the year -- equivalent to an annualized rate of over 4 percent -- is inevitably coming off the boil in the wake of faltering economic growth in the U.S. The news had both European stocks and the euro in retreat Tuesday.