Reuters--FRANKFURT, Nov 8 (Reuters) - Deutsche Post, Europe's biggest express delivery and mail company, said it would need to step up efforts to achieve its mid-term targets after the slowing global economy and the European debt crisis hit its markets.

Some of Deutsche Post's competitors have already been forced to lower guidance, with European logistics rivals Kuehne & Nagel and Panalpina reporting weak volumes in air freight and ocean cargo amid reduced trade between Asia and Europe.

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