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Published on Tuesday, February 15, 2011 | Updated on Thursday, June 23, 2016

Europe Economic Outlook. First Quarter 2011

The sovereign debt crisis has had a surprisingly reduced cost in terms of growth, thanks to strong foreign demand. The economic recovery will go on at a moderate pace, with continued divergence across countries. Peripheral countries have embarked in sharp consolidation and structural reforms, which must be sustained over time.

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