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Overestimating the EU Economy
The European Commission, the International Monetary Fund, and the OECD predict that, on average, the European Union’s economy will grow by 1.9% next year, a rate that is broadly consistent with the average of 2% expected for this year. But the picture this paints may prove to be overly optimistic, not only because the growth rate itself is likely to disappoint, but also because there is significant downward pressure on the EU’s growth potential beyond 2019 – pressure that, at present, European leaders seem unprepared to counter effectively. If the EU were a soccer team, it would not lose games for lack of a ... (full story)
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- Comment #1
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- Dec 18, 2018 1:48pm Dec 18, 2018 1:48pm
- hkg_paul
- Joined May 2011 | Status: Member | 1069 Comments
- Comment #2
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- Dec 18, 2018 2:00pm Dec 18, 2018 2:00pm
- Not-KPMG
- Joined Jun 2015 | Status: Member | 7592 Comments
Beware of robber banks (RB), bad advisors.
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- Dec 18, 2018 4:38pm Dec 18, 2018 4:38pm
- shylastrikes
- | Joined Sep 2016 | Status: Member | 12 Comments