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Subject
The diversification and quality of European exports.
Significance
For all the gloom about Europe's economy, one fact stands out: the continent is a proficient exporter. This is not just true of Germany, the biggest exporter in Europe and the world's third-largest exporter overall. Half of the world's top-ten exporters are European.
Impacts
Export prowess suggests Europe's long-run growth prospects remain good.
This finding is independent of the currency fortunes of individual members or the region.
This supports a more bullish view on the euro-area growth prospects than currently foreseen.
Keywords:
EU,
EUR,
Austria,
Belgium,
Cyprus,
Denmark,
Finland,
France,
Germany,
Greece,
Iceland,
Ireland,
Italy,
Lithuania,
Luxembourg,
Netherlands,
Portugal,
Spain,
Sweden,
Switzerland,
United Kingdom,
EUROPE,
economy,
international relations,
foreign investment,
foreign policy,
foreign trade,
growth
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2015
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