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June 1, 2008 The primary source of global inflation is from emerging-market nations. The inflation rate in China is almost 9 percent, in Russia 14 percent and in Venezuela 30 percent. The price wage-spiral has started. Wages are rising at the rate of 30 percent in |
May 06, 2008 Economic slowdown is spreading around the world. The fifteen nations in the euro zone, especially those in southern Europe, have begun to feel the economic weaknesses emanating from the U.S. which is most likely in recession. The Korean economy is |
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