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News The prospect of a mild recession in the Eurozone in the first half of 2012 is looking increasingly likely according to our Eurozone Winter Forecast. Year to date, the capital raised globally is down by 45% and number of deals is down by 20% compared to 2010. We believe that the key proposals announced by the European Commission on audit reform, should they come into effect, would damage audit quality. Ernst & Young announced global revenues of US$22.9 billion for the financial year ended 30 June 2011, compared with US$21.3 billion in 2010, a 7.6% increase. High expected demand in BRIC markets drives positive outlook, according to our survey of over 300 European automotive leaders.
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