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Some progress in raising relative living standards
Catching up with Portugal and Greece
Newer nations are considerably poorer
Strong growth has helped to bring down unemployment
More jobs for domestic workers – reverse migration?
But putting pressure on wages to rise
Performance of Europe’s new countries
Growth much faster than the UK
But has this been sustainable?
Steep slowdown and now recession for many new EU members
Some of them “over-heated” when they joined the EU
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