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Microsoft Word - Russia - 270907- binnenwerk - final.doc
... currency itself also attracts additional capital inflows and could thus lead to further appreciation. another option is to further increase its reserve requirements as a loosening of fiscal policy in ... painful reforms and to expand its presence in the economy. given the inefficiency of state-owned firms, this could constitute a long-term structural constraint on growth. further, because both the ...
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Microsoft Word - Final Report Chindia.doc
... countries to the world and their astonishing rates of growth is further underscored by their sheer size. in 2005, the two countries ... pace of reforms. over the next 10 years, there should be further improvement in india's age dependency trend, in turn improving its ... 44 percentage points. we believe that foreign trade will continue to expand in china. however, the expansion will be less pronounced in ...
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Microsoft Word - 2010-Q3 - 17 - Netherlands.doc
... appears to have accelerated markedly. leading economic indicators point to further growth. growth slowed in the beginning of the year ... ... types of investment continued to decline. residential investment was still further down (qoq) and investment in buildings and in land, ... hand, exports should expand more owing to the cheaper - and further weakening - euro. all in all, the economy may expand by 1.5 ...
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Microsoft Word - 2010-Q3 - 16 - Germany.doc
... (-1.1% point; q4 +1.6% points). ifo index points to further recovery gdp (% yoy; lhs) ifo index6m expectations (rhs) source thomson ... months. thanks to the weaker euro, which we anticipate to weaken further into 2011, germany should be able to improve its position on ... index and the pmis, point to further growth in the near future. we expect the economy to expand by about key figures germany % changes ...
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Investment_Outlook.pdf
... public deficit from 15% of the gross domestic product in 2009 to nevertheless, pressure for further austerity cuts is growing. politicians are also pressing for a partial restructuring of the greek ... international economy. finally, there is the shift towards restrictive fiscal policies, which we expect to expand to a growing number of countries. on balance, we believe the risks are somewhat greater ...
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