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This report is rather different from previous EUROFRAME forecasts produced over the last decade. On this occasion the major uncertainty in the forecast arises from the stance of domestic policy within the euro area, not from external factors. Because...

The recovery in the world economy from the deepest recession since the 1930s strengthened during the first half of 2010, aided by strong policy measures and restocking. The overall performance of the world economy, however, masks considerable...