The decrease is due to lower predictions of government and other services output. The GDP level is now 2.6%, higher than the second quarter of 2005.
Below is a graph showing the rise in economy:
In regards to other countries EMI has an interest in, below is a graph of other countries that EMI would have an interest in:
As shown from the graph the growth rate within the Euro Zone is particularly low compared to others, in the USA it is high with Ireland being the highest out of the countries shown... displayed 300 characters
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In 2002, EMI announced 1,900 job losses in order to cut costs by ?100m. This was followed in 2004 with EMI announcing 1,500 redundancies and a 20% cut in their artists as some were becoming too specialist to market. This however, was in countries where economic growth was particularly low, for example Australia... displayed 300 characters
