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Wednesday, February 15, 2012

European Economy grew more than expected

The German economy depressed less than what major world economist expected.France economy grew avoid recession and shown some sign of stability.

European economy grew around .02% in fourth quarter.Greece, Belgium ,Portugal is already in recession ,defined as two consecutive quarters of declining GDP.

But down in slow down is very optimistic. This is new sign of hope of all over world economy that we will recover from fear of recession on one day.

Greece is expecting second bail out , hopefully save Greece from default.