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European Commission

MEMO

Brussels, 11 March 2013

ANNEX 2. TRENDS IN CURRENT ACCOUNT BALANCES AND UNIT LABOUR COSTS*

Current account surplus/deficit, % of GDP (right-hand axis)

Unit labour costs, in EUR (2000=100)

Unit labour costs, relative to trading partners (2000=100)

Note: the scales vary for each country

* http://ec.europa.eu/economy_finance/eu/forecasts/2013_winter_forecast_en.htm


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