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A cautiously optimistic outlook for European and US growth emerges from Euromoney’s latest poll of economists. The imprecision of judgements on the strength of the US recovery over the next year as well as the resilience of the EU consumer in the face of a possible gradual rise in unemployment make these forecasts highly provisional.
In Europe the value of the euro has fallen by over 10% since its launch, adding to consumer price inflation and squeezing real household incomes.
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