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Thursday, November 13, 2008

Recession

It's official Germany is in recession as well. The whole talk about recession as being two consecutive quarters in negative clouds the whole picture. I think looking at annual growth is still more indicative of the strength of an economy. The Economist stats reveal that 2009 will be much worse than 2008 for most countries. UK is at the very bottom with -1%. Eastern Europe seems a safe bet next year.

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