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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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SAUDI ARABIA. Saudi Arabia will need to keep cutting oil output to sustain prices above US$100 a barrel, according to BNP Paribas and Societe Generale; "We are swimming in crude, and they know that better than anyone because they are the biggest exporter."
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