PROSPECTS 2008: Euro-area may face hard landing
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In this article
- Deteriorating prospects
- Downward revisions
- Unreliable assumptions?
- Increasing pressure
- Positive indicators
- High inflation
- Monetary expansion
- Strong investment and confidence
- Falling unemployment
- Negative indicators
- Declining household spending
- Continuing credit crunch
- Expensive government bonds
- US economic uncertainty
- Soaring energy prices
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