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EIU: Global outlook, January 2009

Posted on 19 December 2008

From Commodities Now: Recent data suggest that the health of the global economy deteriorated sharply in November and December. As such, the Economist Intelligence Unit has made further downgrades to its forecasts for all major countries and now expects that, at market rates, the global economy will contract in 2009 by 0.4%.

Although growth will resume in 2010, at 1.5%, expansion will still be slower than in either of the two recent recessions in 1991 and 2001. At purchasing power parity (PPP), the world economy will expand by 0.7% in 2009, the slowest rate of increase since the early 1980s, and by 2.5% in 2010….. Full Article: Source


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