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Recovery Gaining Momentum

BMI View: Romania's improving net exports drove an above consensus 2.2% year-on-year real GDP expansion in Q113, confirming our view that the country's economic recovery would accelerate in H113, and...

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Four More Years Of Negative Growth

The break-up of Cyprus' second-biggest bank, the ensuing collapse of the country's large offshore financial services sector and fiscal austerity imposed on the government as a result of the EUR10bn...

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Growth To Improve By 2014

BMI View: We have downgraded our US real GDP growth forecast for 2013 to 2.1% from 2.3%, due mainly to base effects from late 2012, and the decision to maintain the 'sequester' cuts to federal...

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Current Account To Stay In The Red

South Africa's current account deficit will remain sizeable over the coming years, with BMI predicting that it will be 6.7% of GDP in both 2013 and 2014. Inflows to the capital and financial account...

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China's Economic Shift A Looming Threat

In our review of the implications of China's 12th Five Year plan on Taiwan's economy, we find that Taiwan's semiconductor and flat-panel sectors face the greatest risk from Chinese competition over...

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