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Czech exports plunge, joblessness jumps as crisis hits

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Czech exports dropped by their fastest annual pace on record in January and companies slashed jobs to confront a plunge in euro zone demand, showing the central European state was feeling the full impact of the global crisis. Separate data showed inflation slowed further in February despite a rise in fuel prices and the weakening of the crown currency. Unemployment surged to 7.4 percent in February, the highest in two years, from 6.8 percent a month ago.

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