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EU faces significant economic growth challenges

In a related WSJ piece, the conclusion is made that despite signs of improvement in the EU economy, there are underlying challenges that could surface as big problems. Excerpts below…to read more click on the link.

“…According to Markit, an expanding service sector is increasing French private sector output “at a strong pace,” and employment growth in that sector rose in July for the third consecutive month. And outside the euro zone Britain seems to be adding a bit of optimism to European-wide sentiment: The U.K. economy grew 1.1% in the second quarter from the first quarter—or an annual rate of about 5%—twice what forecasters had predicted and the fastest rate in more than four years….So much for what is obvious to the analyst’s naked eye. Look below the surface and we see something very different…”

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