In July last year, Business Minister Edwina Hart identified Brecon as one of three local growth zone (LGZ) towns in Powys.
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It plans to create a "growth zone" in which companies would get business rate relief in exchange for helping people get training and jobs.
The European Central Bank also on Thursday said it has reduced its economic growth forecast for the Euro zone, predicting zero growth in 2013 from its previous forecast of 0.3% growth.
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Recent comments from German Chancellor Angela Merkel also suggest a growing awareness of the need for a euro-zone growth strategy.
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However, the German ZEW index was released overnight and was a good reading, but weaker manufacturing growth in Euro zone worked to offset the ZEW report.
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Given that Spain has in recent years accounted for a big chunk of euro-zone growth and close to half of all jobs created in the euro area, its slowdown will be widely felt.
Gross domestic product in the Euro zone decreased 0.4% in the third quarter, on an annualized basis, to mark the second straight quarter of decline and four quarters of no growth in the zone.
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The rapid growth made the fire zone larger than Fort Collins, which is 47 square miles.
At its monthly meeting Thursday, the European Central Bank said that Euro zone economic growth will be stagnant to declining during 2013.
Attempts to reduce the waste being dumped into the Baltic have so far failed to stop the growth of the dead zone, now equivalent to around one and half times the size of Denmark.
If implemented, the Baltic Deepwater Oxygenation (Box) project would require around 100 pumping stations built around the Baltic Sea to transport oxygen deep underwater to counteract the declining amounts of oxygen and prevent the growth of the dead zone.
America's potential growth rate is higher than that of the euro zone and Japan, thanks largely to faster population growth and more flexible labour and product markets.
They note the broad welcome for his plan to add pro-growth measures to the euro zone's fiscal austerity.
Disappointment with the single market's apparent failure to stimulate growth in the euro-zone has also contributed to disenchantment.
And on October 21st, the European Commission cut its growth forecast for the euro zone in 1999 by 0.6%, to 2.6%.
The reason why inflation is expected to remain low despite brisker growth is that the euro zone has considerable economic slack.
In the event, average growth in the euro-zone was there or thereabouts.
The automotive sector has had a challenging ride given the continuous economic crisis in the Euro zone and slowing growth in the emerging markets.
The European Central Bank was set to tack in a dramatically different direction on monetary policy Thursday by slashing interest rates to help stimulate growth in the buckling euro zone economy.
He pointed out that the exchange rate remained near its long-term average, and made a statement of the obvious: that the level of the euro could affect both euro-zone inflation and growth.
The relative size of the three biggest economies in the euro area (Germany, France and Italy) means that their reform efforts will go a long way towards determining the growth prospects of the whole zone.
With growth in the euro-zone roughly on a par with the 3-3.5% forecast for the United States, and with the euro-zone's trade surplus a stark contrast to the Americans' deficit, the euro is due for a correction.
"Even though the euro zone returned to growth in the third quarter, economic activity is unlikely to be strong enough to generate significant inflationary pressures for some considerable time to come due to the still serious economic and financial handicaps that the region faces, " said Archer.
Currently, global growth is threatened by several macro headwinds such as Euro-zone debt crisis and concerns over U.S. growth both of which can decelerate growth in export-reliant Asian economies and fuel inflation due to prolonged easy money policies.
As recently as last year, its GDP growth trailed the rest of the zone by just 0.5 percentage point.
"Some people say dead zone, we say growth corridor, " Craig says.
With the euro zone in recession and growth flagging in America and China, the world's three largest consumers of oil are buying less of it than expected in early 2012.
America has the Congressional Budget Office (CBO) and the euro zone has the Stability and Growth Pact (see article).
It needs to make savings as early as next year if it is to carry out its promised tax cuts of euro3 billion without breaking the deficit limit decreed by the euro zone's stability and growth pact.
Some in the EU capital argue that other European governments, Germany in particular, should have done more to help the cash-strapped governments of the euro zone, through pro-growth programs that would have sweetened the bitter medicine of EU-backed reforms.
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