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Posts tagged to recovery

Euro Area Malaise


The pace of economic recovery in the Eurozone is yet to gain momentum. Real Gross Domestic Product, which is the gross income of the entire region, rose by 0.1% in 2013, following a decrease of 0.4% in 2012. However, according to the latest projections of the European Central Bank, “a gradual recovery in domestic and external demand is expected to be the driving factor behind the projected sustained increase in activity in 2014.” Let’s not forget that the financial crisis has had a permanent impact on the Gross Domestic Product… Read more