Financial environment.

Recent Statistical Trends. EU GDP Growth. The EU parsimoniousness saw a slowdown in exploitation to and 0.3% in the third quarter of 2004, with the year-on-year harvest-feast rate moderation to 1.8% as a result (see Exhibit 1). This reflected particular weakness in Germany and France in the third quarter, although growth held up best in Spain and Italy during that period. Earlier crude price rises mean that newspaper headline EU largeness stay above 2%, nevertheless underlying core inflation is still consistent with the European of import Banks revised lead of keeping inflation down the stairs merely close to 2% over the modal(a) term. The European Central Bank so left hand official affair rate unchanged at 2% throughout 2004 and there is no indication that an archeozoic change in rates is planned. A representative example is this of the UK economy, which grew potently during the first half of 2004, but also suffered a mental retardation in growth in the third quarter. Growth has been back up by significant increases in public expense, although this has led to several(prenominal) concerns that tax rises volition be needed in the medium term in shape to reduce the budget deficit from its current train of around 3% of GDP. For the moment, inflation ashes below target, despite the power of oil price rises, and UK interest rates have been left on hold since August. Elsewhere in Europe, growth retrieve strongly in Sweden in 2004 and more than gradually in Switzerland. The Polish, Czech and Hungarian economies all draw out to repose growth well above the EU average. MANAGERIAL IMPLICATIONS - enthronisation DECISIONS As a result of the slowdown mentioned in the parentage of the report, consumer spending and investment growth remains relatively low-keyed in EU, and export growth has slowed in the face of an appreciating euro and fairly weaker growth in the... If you want to get a encompas sing essay, order it on our website: BestEssayCheap.com

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