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Global Economy Watch - September 2015

What do changes to the global economy mean for sovereign investors? 

The Eurozone periphery grew by 0.5% quarter-on-quarter in the second quarter of the year. This was more than twice the rate recorded in the core economies bringing overall Eurozone growth to 0.3% on a quarterly basis. 

On a national basis, the second quarter of 2015 marked a few milestones. Spain grew at 1.0% which was the fastest rate recorded since the first quarter of 2007. Italy recorded three consecutive quarters of growth for the first time since 2011. 

And, despite all the odds, Greece managed to grow at 0.9% on a quarterly basis (albeit from a low base). A closer look at the figures though showed that this was probably fuelled by a large number of new car registrations.

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