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A Great Recession Is Not Over Yet

May 07, 2009

The global economic outlook has changed significantly. Only a few weeks ago, there was a lot of doom and gloom and the stock markets around the world were setting new lows. Since then, pessimism has turned into over-optimism. Most stock indices have


Export-driven Growth Won’t Be Easy

May 07, 2009

As the global economic recession deepens, international trade is no longer a source of economic strength. In Japan, exports


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