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Harm Bandholz, economist at UniCredit

17 Jun, 2008 @ 10:56 am ET | By Harm Bandholz


Thomson Financial News - "This industrial production report is a good reflection of the current situation of the US economy. First, the remaining strength is concentrated in export industries; the recent GDP report revealed that during the last four quarters net exports were responsible for about 45% of total GDP growth. In contrast, domestic demand is struggling, which weighs in particular on the production of consumer goods."

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