Eurozone Factory Output Dips But IMF Insists Economy is 'Improving'!
- Eurozone factory output dips but IMF insists economy is ‘improving’!
by Denise Roland, http://www.telegraph.co.uk/
International Monetary Fund chief Christine Lagarde has insisted the eurozone economy is ‘improving’ as latest figures show a third consecutive month of falling factory output.
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Ms Lagarde said it was “clearly the case” investors were returning to the eurozone, a message at odds with bleak figures released on Monday showing industrial output across the single currency bloc fell 0.3pc in November from October.
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“We forecast that the eurozone will be delivering growth in 2013,” she said, speaking to the BBC World Service on Monday. “Clearly this is the result of national policies and also a regional effort to strengthen the zone into a better, more consolidated banking union.
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“It’s clearly the case that investors are returning to the eurozone and are resuming confidence in that market.” Her words will likely provoke disbelief in the markets.
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