Word: stilles
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...that after a year and a half of consistent economic decline, Britain announced that it had finally emerged from the recession. The downside? Its 0.1% fourth-quarter growth was not only about as small as could be but also well below what most experts had predicted. Worse still, some economists warn that the minuscule growth may be as good as the U.K. will muster for some time - and that its European neighbors aren't much better positioned to lead the region to a swift economic recovery...
...slip back into the red. Eric Heyer, an economist at the French Economic Observatory in Paris, says the official forecasts of continued modest growth are feasible - although that doesn't mean an immediate recovery for many nations. Even if European economies can nurture gradual expansion, he says, most will still see unemployment continue to rise through 2010 and into next year - if companies indeed become convinced it's safe to invest again. (See pictures of the global financial crisis...
...Still, Pennington says there are lessons to be learned. He says the vaccine surplus in many cases can be ascribed in part to countries' own pre-existing pandemic-preparedness plans. Many such plans, which were put in place in the mid-2000s, were based on the worst-case-scenario assumption that the next pandemic virus would be some variation of the highly lethal H5N1 bird-flu virus, which has so far killed 263 people. The U.K.'s plan, for example, which was automatically enacted when the WHO declared the H1N1 pandemic, predicted between 50,000 and 750,000 deaths from...
...government, for its part, still wants to vaccinate as many people as possible against H1N1. Although it has indeed been a mild flu season so far, says Jeff Dimond, a spokesperson at the Centers for Disease Control and Prevention, "our message right now is that people should get vaccinated. We are aware that a third wave of infections is possible, so we aren't making any decision yet on whether we will use our full capacity of 251 million doses...
...partnership between Belarus and Kazakhstan, two of Russia's most loyal allies, does come to pass, it could further weaken Russia's influence in the region. But considering the dependence of both countries on trade with Russia, this still seems like a distant prospect, and some analysts say Kazakhstan's offer to Belarus is most likely a bluff. It would be costly and difficult for Kazakhstan to ship oil to Belarus, and Belarus could not afford to pay fair-market prices anyway, says Denis Borisov, an analyst at Bank Moskvy, one of Russia's largest banks. Kazakh companies could, however...