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Not if you read the whole report instead of cherry picking.
http://news.bbc.co.uk/1/hi/business/8606499.stm
The findings are generally ambiguous although cautiously optimistic. They are predicting strong growth for the UK while the rest of Europe struggles. Given that our main export market is Europe I don't see how we can avoid being entangled in a slow-down that is likely to threaten the recovery of more than just the UK.
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