What Global Economic Slowdown?

France and Japan may have hit some rough patches, but the global economy still looks plenty solid heading into 2007

As far as economic news goes, Nov. 10 was a pretty rough day. On that day, both France and Japan put out reports that showed much more softness in their economies than experts had been forecasting. France, the Eurozone's second-biggest economy after Germany, reported that its economic growth had ground to a halt in the third quarter, down from 1.2% in the second quarter. The abrupt slowdown prompted economists at Citigroup (C), JPMorgan Chase (JPM), Commerzbank (CRZBY), and the Royal Bank of Scotland all to slice their estimates for European growth.

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