For over and above the cyclical effects we have that structural effect impacting on the retail segment.

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We need to be sure that any of the currently proposed structural changes will actually have the desired effect of strengthening the potential of our small businesses.

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In a recent study, economists at the IMF analysed the respective impact of deficit reduction, global rebalancing and productivity-enhancing structural reforms on the growth prospects of big rich economies and found that by far the strongest positive effect came from structural reforms.

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Some central banks, slow to grasp the effect of these structural changes on inflation and monetary policy, have been running overly loose policies that have fuelled unsustainable booms in America and some other economies.

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Although the imaging studies cannot determine cause and effect, it is possible that the structural changes may have come first, predisposing certain patients to depression.

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Madrid's structural deficit - which strips out the effect of the recession - fell only by 1.4% of GDP last year, barely half the 2.7% target set by the Commission.

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More importantly, continued policy focus on income redistribution perpetuates the idea that income inequality is the root of middle class economic problems, rather than the effect, allowing for the continued avoidance of the deep-rooted structural issues in the U.S. economy.

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"When people see the economics could be very problematic, in effect, if there's no big structural long-term release of domestic demand, all this really amounts to is a big devaluation, " he said.

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Recently, it has been marked by structural tensions, as the writers struggle to contain an overgrowth of subplots an unfortunate side effect of their remarkable world-building skills.

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