Analysis: Economies adapt well to external events

04/22/2010 | Economist (free content), The

Economies are remarkably adept at coping with external events, such as the volcanic ash shutting down air traffic in northern Europe, according to The Economist. That event might shave one- or two-tenths percentage point from Europe's next quarterly numbers on gross domestic product, experts said. If "basics are in place, the factors that most determine long-term growth are demography, technological innovation, and the skills and education of the workforce," The Economist notes.

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Economist (free content), The

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