Status of the European Economy |
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The European Union posted surprisingly strong economic growth this month, lending further credence to the "de-coupling" theory of whether other economies will follow the US into recession, if there is one. Some may, but it looks as though others may have the resilience to withstand it. The latest figures suggest that the European Central Bank was spot on in it's concern over inflation and its refusal to lower interest rates, even as the US Federal Reserve and the Bank of England
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