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February 18, 2013

North Asia Is Following the Eurozone Down

Gordon Chang, Forbes

AP Photo

The 17-nation eurozone contracted 0.6% in Q4 2012 on a quarterly basis, worse than expected.  Germany was down 0.6%, France off 0.3%, Italy fell 0.9%.  Don’t ask about Spain, Portugal, or Greece.

Yes, the European currency bloc looks like it’s faltering, but everything knows Asia will keep the global economy humming.

Maybe.

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TAGGED: Recession, Eurozone, Asia

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