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Economic Outlook – A Quarter of Drifting Ahead

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No recovery of note before 2018 We see the economy contracting by -1.7% y/y in Q3 and flattish in the fourth quarter. For the full year we expect a rate of -1.0% y/y, and very modest growth for 2017. The thinking is that the authorities have no choice but to reach a deal of sorts ...

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