News

Shift from upholstery to shoe sector continues

07/03/2005

Macroeconomics

 

Statistical data released in the last two weeks delivered no news of any outstanding changes in the general overview.

 

America’s GDP was revised to 3.9 % versus an initial forecast of 3.7 % for the last quarter of 2004. Inflation in Europe remains under control with the rate at 2.0 % for February. In the USA, inflation is more of a problem with the January rate climbing to 2.3 %.

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