NEW YORK/PARIS (Reuters) - Major economies on both sides of the Atlantic are increasingly vulnerable to each other's weakness, as the euro zone teeters on the brink of recession while the United States is barely muddling through, data showed on Wednesday.Europe showed just how exposed its economy is to a broader downturn in the industrialized world with news that weak investment, household spending and exports all hurt in the second quarter, when the economy shrank.
EU statistics office Eurostat's first breakdown of the reasons for a drop in gross domestic product in the second quarter showed the chief culprits were a more than 1 percent slide in investment as well as a fall in household spending.
Declines in growth of 0.2 and 0.1 percent quarter-on-quarter in the euro zone and the wider 27-country European Union respectively have fueled fears the bloc will slide into full-blown recession.
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