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Europe Lags as U.S. Economy Shows Signs of Recovery

Brief Date: 
11th Jun 2009
Brief Author: 
By Nelson D. Schwartz

The bank said that growth could resume in developed countries starting next year, but emerging countries could feel “aftershocks” for years.

The American news — showing slight growth in retail sales and a dip in first-time jobless claims, as well as rising stocks — was not enough to end the disagreement between bulls and bears over how soon the economy would improve.

Source: The New York Times Link Below

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