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Low German PMI is a Concern: Economist

Mon 02 Jul 12 | 04:00 AM ET
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Low German PMI is a Concern: Economist

Mon 02 Jul 12 | 04:00 AM ET
"You have to be a bit careful about sentiment indicators when there are a lot of negative headlines going around, as they can get a bit detached from the underlying economy, Europe we think is headed for a moderate recession but probably not quite as bad as the PMIs are suggesting," Richard Jerram, chief economist at the Bank of Singapore, told CNBC.

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