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Forex & Recession |
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21 Nov 08 - The Euro-zone 3Q GDP figures revealed that the region’s economy had entered a recession. The decline met economist predictions despite France surprising with growth of 0.1% as Germany’s 0.5% drop dragged down the overall region. In this group we make a quick analysis on how the recession it’s expanding across the world, hearting the strongest economies and threatening some others.
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About Forex & RecessionThe financial crisis has made a big hole in all the world's major economies, with official data showing the 15-nation euro zone economy had shrunk by 0.2 percent for the second quarter in a row, meaning it technically is in recession. The United States is probably already in recession, most economists agree, but official data showing that will not come out until January. Even though we are in bad times I realize we need to make the most of this situation. Studying the behavior of the currencies during this phase of financial crisis and worldwide recession, we could analyze the market under extreme situations. That way I sure we could learn something. This group is to create a report of the most important facts during this crisis. |
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