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EU Cuts Its Growth Outlook, Inflation at a "Turning Point"

Discussion in 'Fundamental Analysis' started by ActionForex.com, Sep 10, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

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    The European Commission cut its growth estimate for the Euro area economy to 1.3% from a previously estimated 1.7% and said the German economy, Europe's largest, is likely to enter a recession. The commission also indicated it may cut its 2009 forecast, which is scheduled to be released in November.

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