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| Britain's Zigzag Economy |
 WHEN Sir Mervyn King spoke
of the ‘zigzag' pattern we
could expect in 2012, he
wasn't wrong. Official data -
and private surveys - have
been all over the place lately.
But the underlying message has not
changed: The recovery is still fragile,
and ... |
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| THE GULLIBLE
CENTRE |
 SO can we talk about the Paul
Ryan phenomenon? And yes, I
mean the phenomenon, not
the man.
Ryan, the chairman of the House
Budget Committee and the principal
author of the last two congressional
Republican budget proposals, isn't
especially interesting
... |
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French economy grinds to a halt
REUTERS
PARIS FRANCE’S economy posted no growth in the first quarter and there are no signs of a strong recovery in activity in the coming months, according to a Bank of France survey on Tuesday.
In its monthly report, the Bank of France indicated that the eurozone’s second largest economy avoided a recession, after it grew by 0.2 percent in the fourth quarter.
However, it said that activity was likely to remain stable in the coming months, a picture confirmed by soft manufacturing data on Tuesday from the INSEE national statistics office.
The Bank of France said that its business sentiment indicator for industry was unchanged in March at 95, a 3-month low it reached in February.
It noted that industrial activity improved, with rises in pharmaceuticals and chemicals, transport equipment and hi-tech goods.
“Forecasts suggest that activity will remain stable in the short term,” the bank said.
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