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The world economy has entered a dangerous period. Some of the financial turmoil in Europe has spread to developing and … parts of the world, and pushed down stock markets, while capital flows to developing countries have fallen sharply. Europe …, and despite a strengthening of activity in the United States and Japan, global growth and world trade have slowed sharply. …
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The global economy appears to be transitioning toward a more stable period. Although acute risks have diminished, real-side activity remains sluggish ??? especially in high-income Europe. Most developing countries have fully recovered from the crisis. Although growth is slower than during the...
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: The U.S. Economy and the World -- Introduction -- Linkages between the United States and the World -- Synchronization of U …
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