If growth remains well below trend and the euro rises, the average core inflation rate will fall below 0.7% next year.

ECONOMIST: Euro-area economies

The four-week average remains in a modestly downward trend, well below the meaningful 400, 000 mark.

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Overall, in recent years, the economy appears to have been on a bumpy plateau, with an upward trend but at well below historic growth rates.

BBC: UK economy: GDP figures explained by ONS

If oil trends below its 200-day odds are that the stocks trading above their 200-day will trend below this milestone as well.

FORBES: Trading Energy Stocks With Declining Crude Oil Prices

Growth in low-price segments and international markets has offset weakness in the corporate sector, but he thinks this trend will stall driving results well below consensus expectations.

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If this trend continues, next year's growth will come in well below the World Bank's most recent forecast of 7.5%.

FORBES: The second in a four-part series. See Part One.

The rise in inflation suggests that the economy is already operating well above capacity, so growth will need to be slowed more sharply to below its trend rate.

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