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Euro Surge In Past Months Lean Harder On Euro-Zone GDP
By Benny Nardino | September 17, 2007
Euro-zone trade balance fell short of expectation for the first time in eleven months. A sign that the Euro-zone economy is feeling the pinch - the effect of the EURO strength on the Dollar in recent months. This is the first shortfall since August of 2006 and a considable plummet from June’s 4.4 billion euro figure.
A deficit of 600 million euro from initial expectation of 7 billion is a cause for concern. The shift in the balance is result of voracious demand for foreign goods. In addition, the weakness in the US dollar lately makes the euro-zone goods and services more expensive to the out world on competitive pricing. If this trend does not bucking soon annual growth will be hampered.
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