Europe's Recovery Keeps Rolling

But not fast enough to satisfy an impatient White House

In its quest for ways to reduce the U.S. trade deficit, the Reagan Administration has repeatedly urged other countries to grow faster and absorb more American imports. One of the prime targets of the jawboning has been Western Europe, which last year ran up a $26.4 billion trade surplus with the U.S. But if the White House is counting on much help from the Europeans this year, it is likely to be disappointed. That was the consensus of TIME's European Board of Economists, which met in London for its semiannual review of Europe's outlook. Average growth in the gross national products...

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