Oxford Economic Country Briefings, November 16th, 2007
Highlights and Key Issues * Growth slowed to 5% in H1 this year from 6.1% in 2006, but it should stay at around this level in 2007 as industrial growth reinforces that of financial services. These have been relatively insulated from global banking troubles, and implementation of MiFID is generally favourable to continued attraction of financial services and workers. * The return to fiscal surplus and use of inward migration to tackle labour shortages has brought inflation back into line with the Eurozone average, which jumped to 2.6% in October. But euro strength puts a downside risk on expo...
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