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The world economy is expanding at a more moderate pace with growth momentum continuing to shift from emerging to advanced economies. World GDP will increase by 3.3 per cent this year – even some-what less than the already modest growth in the recent past. For 2016 and 2017 we expect growth to...
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incorporate China into an existing model for the G-3 economies (i.e., the United States, the euro area, and Japan), paying …
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