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Email this article: German economy grew more than forecast in first quarter
Posted: Tue May 15, 2012 10:18 am
INTERNATIONAL. Germany grew five times more than economists forecast in the first quarter as exports to emerging markets offset waning euro-area demand. French GDP stagnated.
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UAE. An advisory body to the UAE government has suggested that the central bank review the country's currency peg to the U.S. dollar, but local bankers said any change to the peg remained very unlikely for the foreseeable future.
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