mpc: 6
In UK-weighted terms, the month's news on world activity was perhaps mildly on the downside.
Though fourth-quarter GDP growth in the United States was, at 1%, the same as in the advance release
and confirmed the continuing recovery there, the 0.3% outturn for the euro area was weaker than the
Committee had been expecting. Growth in Japan, by contrast, was again stronger than expected and
growth elsewhere in Asia remained robust.
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