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Global Economic Prospects As Of September 2009: Onward To Global Recovery

Date Added: Sep 2009
Format: PDF

The great global recession of 2008 and early 2009 is over, and worldwide economic recovery is now under way. Most forecasters expect that the pace of this recovery will be tepid, especially in the United States and other industrial countries, with unemployment continuing to rise into next year and with little reduction in margins of slack before 2011 at the earliest. Some fear a "Double dip" where economies fall back into recession at a relatively early stage of recovery.