FT.com / Columnists / Martin Wolf - Feeble domestic demand is...
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The likely answer is that demand will be driven by unsustainable fiscal expansions in post-bubble economies. The unlikely answer is that private demand will pick up in creditworthy economies, particularly Germany. In the absence of either, Europe will wait for the US to spend itself back into (temporary) vigour. It is a sad picture, whatever the “green shoots” may seem to show.
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