Can Europe’s Recovery Be Sustained?
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Can Europe’s Recovery Be Sustained?

  • Authors:

    Gail D. Fosler

  • Publication Date:
    April 29, 2006

  • European recovery faces domestic as well as global headwinds
  • Germany is more cost competitive, but wage restraint is fragile
  • Productivity-driven restructuring that benefits domestic markets still not in place
  • European rebound will not offset slower U.S. growth.

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