Economic Freedom of the World 2012
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Consumer-price inflation in the EU is projected to remain relatively high in 2012 (2.7%), inter alia due to the impact of fiscal measures, but is expected to abate gradually over the forecast horizon, averaging 2.0% and 1.8% in 2013 and 2014 respectively (see Graph I.2). Pronounced cross-country divergences will remain a defining feature of the outlook. They span across a number of dimensions – including financing conditions, the labour market situation and the need for, and advancement of, private and public-debt deleveraging. Current-account adjustment is forecast to continue, especially in Member States with large pre-crisis deficits. This adjustment is...
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Economic Freedom of the World 2012
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Economic Freedom of the World 2012
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