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mpc: 27 The international economy also continued to be relatively strong. In the euro area, indicators had pointed to growth at or above trend in the near term. In the United States, economic growth continued to be robust, although there appeared to be some downside risks to activity should consumption growth slow with the housing market. Overall, UK trade-weighted world import growth had been at least as strong as projected in the February Inflation Report and global demand growth looked set to remain robust in 2006. The Bank's regional Agents had suggested that exporters were optimistic about their immediate prospects.

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