PostHeaderIcon EU Recovery ‘On Track,’ ECB’s Tumpel-Gugerell Says (Update1)


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Alok Sheel: Fiscal paradoxes
After initially falling more sharply than in the first 12 months of the Great Depression of 1929, global output, industrial production, equity markets and trade have picked up smartly. While the recovery in advanced countries is anaemic compared to that in previous recessions, and is relatively jobless, dynamic emerging market economies seem to be firing on all cylinders once more.

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EU Recovery ‘On Track,’ ECB’s Tumpel-Gugerell Says (Update1)
Europe’s recovery from a debt crisis that roiled global markets is “well on track,” a member of the European Central Bank governing council said in Shanghai today.

Read more on BusinessWeek

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