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Is Europe¯¯¯s economy finally getting its act together? That¯¯¯s what the International Monetary Fund thinks, according to its latest World Economic Outlook. Data suggested an upward trend until recently. Industrial production in Europe rose slowly from summer 2012 through last September. Since then, though, production has leveled off. Over the past year, countries in the European Union have expanded industrial production just 1.1 percent. Northern Europe¯¯¯s growth will be strong, in the IMF forecast. Western European countries will grow moderately, and Southern European a little less so.
|Europe Economic Forecast: 2014-2015|
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