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Country Focus

Global Headwinds Will Keep Weighing On Europe

by Felix-Antoine Vezina-Poirier, Chief Strategist  

November factory orders in Germany widely missed estimates, falling by 5.4% m/m, worsening the 1.5% October decline. Excluding major orders, which often distort the overall picture, core new orders fell 1.7% y/y after growing 5.7% in October. The European…

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