Over the past couple of years, Europe's economies have been supported by strong export growth.
"There has been an improvement in competitiveness and a very strong export performance, " he added.
The euro area had leant heavily on strong export growth to keep it moving.
If Europe melts down while China stumbles, our strong export sector will decline.
In fact, there's a case for saying exactly the opposite, and not just because of those strong export numbers.
Beijing, in turn, shows little sign of budging on the yuan, even though the latest figures show surprisingly strong export growth and higher-than-expected inflation.
Still, while only a slight improvement, the GDP report reverses earlier estimates that the economy actually shrank and showed a strong export economy and rising business investment.
The economy returned to positive growth in 2011 due to a strong export performance, but in a deflationary environment caused by bountiful crops and weak domestic demand.
The report also highlights the Yorkshire and Humber region as the home to a significant number of companies with strong export potential, particularly manufacturers of plastics, metals, chemicals and pharmaceuticals.
Job creation was strong in EMs, with seven consecutive quarters of growth, with strong export demand growth (China was the only BRIC to post slower export growth), and muted business expectations, with the exception of India, where services were strong.
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With a well-developed infrastructure, a free-enterprise economy, generally pro-investment policies, and strong export industries, Thailand enjoyed solid growth from 2000 to 2007 - averaging more than 4% per year - as it recovered from the Asian financial crisis of 1997-98.
Mr. Pearson pointed to the low cost of finance accessible to many German companies and to their often strong performance in export markets.
The surplus, the first in the short life of the monetary union, is likely to shrink this year as the strong euro curbs export growth and encourages imports.
Following a strong rebound in export and import growth in March, Nomura Securities analysts led by Ellen Zentner said to expect each to grow by a more tepid 0.4% in April.
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It is running at two speeds: steady local demand boosted by credit and strong labor markets on one side, and a weaker industrial and export economy facing strong, imported competition and less demand from the U.S. and European trading partners.
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The country emerged in 2000 from a punishing three-year recession thanks to strong demand in EU export markets.
But a few years ago the world economy was strong and Japan could export its way back to health.
The U.S. government argues that it needs to control the export of strong encryption for national security purposes to fight terrorism.
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It has been a long and strong bond, cemented by the country's strong reliance on the European export market.
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The ADB forecast China's economy would expand by 8.2% this year, up from 7.8% last year, on the back of strong domestic demand and better export performance.
Muller-Maguhn noted that unlike the U.S., which imposes export restrictions on strong encryption, Germany has politicians who listened to advice from the hacker community and chose not to impose similar controls.
In fact, the real's devaluation could help maintain Asia's crucial export growth by slowing the recent strong appreciation of currencies such as the baht, the won and the yen, which could undermine export competitiveness.
Export strength should remain strong thanks to policies that will result in weakening the U.S. dollar.
Third, despite the recent pick-up in global economic activity, Japan cannot count on foreign demand being strong enough for it to sustain export-led growth, as it did in the past decade.
And, technology and innovation, the work of our most talented people, underpin the U.S. standard of living: technology-based products and services create a big export surplus and enable the strong productivity growth of the U.S. economy.
Businesses and politicians fear having a euro that is too strong will kill off hopes of a gradual export-led recovery for the eurozone.
Manufacturers have been complaining for years that sterling is far too strong and has been seriously damaging their ability to export.
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