Posted on 12/03/2014 5:58:31 AM PST by blam
Jonathan Cable, Reuters
December 3, 2014
LONDON (Reuters) - The euro zone economy may face another contraction after business activity grew less than expected in November despite heavy discounting, surveys on Wednesday showed, although Asian readings were more upbeat.
Firms across the euro zone cut prices again. That, and signs that the bloc's core economies are struggling, will concern the European Central Bank which has launched a raft of measures to revive growth and drive up dangerously low inflation.
In contrast, a survey covering China's services industry showed slightly faster expansion. But after data on Monday said manufacturing growth was its weakest in at least six months, it may not be enough to allay concerns about a softening economy.
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(Excerpt) Read more at businessinsider.com ...
The Russian economy in shambles, guess it’s time to annex another part of the Russian empire to make the people feel good about themselves.
This situation may very well result in war.
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