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Hard out of the recession in Europe in the first half

Release Date:2012-05-05  Hits:618
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Standard Bank of South Africa in its latest report released by the same, the performance of the U.S. economy in some countries, but not particularly eye-catching. The bank forecast 2012 U.S World Steel Pipe News . growth rate of 1.8%, 2 World pipe network reported that the world's steel pipe network to provide the world's steel pipe network editor .2% in 2013. HSBC also forecast a growth rate of the U.S. economy this year will not exceed 2% "Qu Hongbin said:" compared to about 4% of the pre-crisis growth rate, which is a very slow growth.



Qu Hongbin, believes that the debt crisis on the European real economy, damage, making it into the second recession is a foregone conclusion. Although Europe's leading economic indicators chart has been improved, but this improvement was mainly due to the improvement of the German economy and the French economy does not mean that the euro area as a whole turn for the better, "the first half of this year, the European real economy out of recession The opportunity is not great ".


Formula although the situation in Europe will not be further deterioration, but its road to recovery will be long and difficult, and out of the recession in the first half of this year may not be great; the U.S. economy is only "relative sense" than the euro zone risks, the the momentum of recovery is also very "fragile". This is the latest judgments made by HSBC chief China economist Qu Hongbin, Europe and the United States economy.



Qu Hongbin, analysts pointed out, With the introduction of the quantitative easing policy, the U.S. economy's recovery, but far short of the normal growth rate before the crisis. Despite the various aspects of the U.S. economy in line with the characteristics of the "lows", but its recovery is moderate and fragile. In the current context, the Fed will maintain an accommodative monetary policy, but will not be further relaxed.

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