Word: blanquã
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...growth would be significant and serve as an engine for the rest of the world. The concerns expressed at the time were largely about whether the Chinese economy risked overheating and whether Europe could pull itself out of a rut. Now "the perception has changed," said panel member Pascal Blanqu??, chief economist at France's largest bank, Crédit Agricole. Even though U.S. economic growth of about 4.4% last year far outpaced European growth of about 2%, "the U.S. is now more criticized, while Europe is starting to be credited for positive steps in the right direction." Significantly, he noted...
...that effect seems to have been mitigated by the overall increase in worldwide demand for goods. Exports from Germany, Europe's biggest economy, rose 10% last year, to a record $941 billion, and its trade surplus increased 20%, to $200.3 billion, according to Germany's Federal Statistical Office. Blanqu??--who last year asked the world to "be patient with Europe"--says he sees signs that the Continent has finally "caught the train." He describes Germany's export performance as "remarkable" and says he expects the 12 European nations that have adopted the euro to experience growth of about 1.7% this...
There are still some big risks for Europe. Blanqu?? said maintaining employment growth is essential if the economy is to expand. He is worried that companies in Europe remain cautious about investing and are instead focused on reducing debt. "There's this great American saying that nobody has ever shrunk their way to greatness," quipped Achleitner, in agreement. But he said he is seeing a new mood among European companies. "People are starting to think they are coming to the end of their shrinking exercises and need to put on the growth...
| 1 |