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German inflation at 2.2% is now below average; it will rise above as the average falls, helping weaker European economies to regain competitiveness.Although this rebalancing is needed, it will upset Germans who are neuralgic about inflation.
Although harder to bully and blessed by a primary budget surplus (ie, before interest payments), Italy may come under such pressure from financial markets that it too will fall in with European orthodoxy.In truth Europe's debate is not so much over whether fiscal rebalancing is needed but over how fast to do it.
This special report will argue that although some rebalancing is needed, particularly in financial regulation, where innovation outpaced a sclerotic supervisory regime, it would be a mistake to blame today's mess only, or even mainly, on modern finance and "free-market fundamentalism".
Roach said "rebalancing" is needed to create sustainable, relatively non-volatile, economic growth.
Thus, unlike the Christian tradition, in which the transgression of crossing boundaries between species offends God, in the Chinese perspective, pandemics are a sign that some kind of change, some international rebalancing, is needed.
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"Policy making for 2009 is not finished, and further initiatives towards rebalancing are needed and likely".
"Looking back, sterling was undoubtedly overvalued and with the rebalancing that is needed in the UK economy, it is difficult to see sterling rising much higher than its current level for the foreseeable future".
Asian capital markets, too, are more closely bound to global markets than to each other.And communautaire pigs may flyAsia's elites agree with the common analysis: that a rebalancing of growth is needed away from exports to the West and more towards fostering local demand instead.
Rebalancing immunization direction and investment is needed.
Rising electricity bills will dampen German consumers' spending, exactly the opposite of what is needed to rebalance the economy.Winners and losersThe impact on German business is complicated.
"However, further action is needed to address the long-term challenges Northern Ireland faces in building a shared society and rebalancing the economy.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com