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Email this article: German economy grew more than forecast in first quarter
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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. Business conditions improved at the strongest rate in six months, driven by sharper expansions in output and new orders. Marked growth of new work resulted in greater pressure on operating capacity, however, as backlogs of work rose at the quickest pace since the survey began in August 2009.
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