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Email this article: Eurozone faces recession throughout 2012
Posted: Thu February 23, 2012 1:50 pm
INTERNATIONAL. Fresh EU data predicted a 0.3% contraction. "The unexpected stalling of the recovery in late 2011 is set to extend into the first two quarters of 2012."
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UAE. S&P expects Abu Dhabi's government balance will worsen further based on the ratings agency's updated oil price assumptions; However, the emirate's large net asset position will continue to give it a considerable buffer to support the economy; Continued structural and institutional weaknesses anticipated.
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