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situation report

Nov 16, 2012 | 14:08 GMT

Greece, Portugal: Strong Growth In Exports

Exports from Greece grew 11 percent in the first eight months of the year while imports fell 13 percent, Reuters reported Nov. 16. Meanwhile, exports from Portugal rose 10 percent while imports fell 5 percent. Adjusted for seasonal factors, Greece's exports grew 9.7 percent from August to September 2012, the biggest jump of all eurozone countries. With most of the economies in the eurozone periphery projected to keep shrinking in 2013, pressures on these countries' leaders are growing.

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