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The January surveys of economic forecasts for the Euro Zone and the Nordic region are now available in our Members' Area.

Growth forecasts for the Euro Zone in 2012 have again fallen dramatically this month, in response to ongoing fiscal austerity and concerns over credit conditions. Even for the stronger regional economies, such as Germany, there have been signs of slower external demand, new orders and output in recent months. For others, tighter fiscal policies, higher long term interest rates and the risk of reduced availability of credit have all fed into weaker sentiment. These concerns also prompted the ECB to cut its key policy interest rate again at its December meeting, although it paused in January to assess economic conditions before cutting again.

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