The previous was just higher than that 111. 7. It was expected to come in at 112. Of. Both the numbers coming in slightly below expectations. The gdp data we had earlier about ten days ago now. The euro is at session lows down about half a percent. Germany has been a price the german tax so far is up better than 10. 5 and closed on a record high on friday. The economy continues to show signs of improvement. Jobless claims coming down. Unemployment rate at 6. 57 . Its been falling steadily. Absolutely. Lets get a reaction from the chief european economist. David, a better day in germany recently. This coming against expectations. Slightly weaker. Yeah. Consistent with germany and consistent with the eurozone more generally seeing expansions. Thing is one of the key things about greece going on. Europe is generally surprising on the upside. Overall we said the youren economy now has just turned the corner even before the ecb Bond Buying Program has begun. Yeah. Weve had several quarters
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Subway s growth-at-any-cost model where it even pipped McDonald s at one point in number of restaurant outlets is coming back to hurt. Subway doesn’t own any of its outlets, which means that to increase profits it either has to add new franchisees or raise fees charged to those franchisees
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