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Coface Says US on Positive Watch; Brazil and Thailand on Negative Watch
Overall, advanced economies are doing better after two years of recession, according to a new country risk outlook by global credit insurer Coface. The eurozone will record modest but positive growth in 2014 (+1%). Within the Economic and Monetary Union, Germany is expected to show a remarkable recovery of 1.8%. France will experience slow growth (0.6%) and the end of the recession is in sight for Spain and Italy. But despite these improvements, the confidence of business leaders has yet to return in Europe.
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