Euroland: Financial crisis killing off growth |
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• Since the publication of our September forecast, the financial crisis has hit the Euroland economy. The impact on economic activity is proving dire. Based on historical experience we expect the economy to stall over the coming quarters. We now forecast Euroland GDP to stagnate in 2009 (0.0% GDP growth). Thus we have revised down our 0.7% GDP growth forecast as companies shed inventories and cut down fixed investments in the light of slow domestic and foreign demand and limits to credit. For
Filed under: Fundamental
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