Free Economic Weekly: Mixed news

This week, the OECD forecasts for GDP growth in 2013 were revised downwards, the unemployment rate climbed to 16.3% in October according to Eurostat, the Budget Execution up to October is dangerously close to full-year limit. On the positive side, the Greek debt restructuring plan may open the road for a similar agreement in Portugal, which may improve markets’ perception about Portuguese debt sustainability. The European confidence indicator also improved for Portugal in November but after a sharp decline in October.

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