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Euroland Factory Sector Posts Decline, Confirming Expectations of a Recession

Economics / Recession 2012 Jan 13, 2012 - 07:33 AM GMT

By: Asha_Bangalore

Economics The European Central Bank (ECB) has chosen to watch and wait and did not take action after today’s meeting. The ECB has lowered the policy rate in the last two meetings to 1.00% from 1.50%. A preliminary report has indicated that real GDP of Germany contracted in the fourth quarter and German industrial production fell sharply in November.


Industrial production in all of Euroland also dropped 0.2% in November, the third monthly decline. At the cost of being repetitive, headwinds from Europe are predicted to touch US shores and translate into a slower growth of exports in the near term; evidence to support this view is gradually becoming visible

Asha Bangalore — Senior Vice President and Economist

http://www.northerntrust.com

Asha Bangalore is Vice President and Economist at The Northern Trust Company, Chicago. Prior to joining the bank in 1994, she was Consultant to savings and loan institutions and commercial banks at Financial & Economic Strategies Corporation, Chicago.

Copyright © 2012 Asha Bangalore

The opinions expressed herein are those of the author and do not necessarily represent the views of The Northern Trust Company. The Northern Trust Company does not warrant the accuracy or completeness of information contained herein, such information is subject to change and is not intended to influence your investment decisions.


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