WORLD FACES LOWER GROWTH AND FINANCIAL STABILITY RISKS IN 2011
EMERGING ECONOMIES URGED ON MONETARY AND FISCAL TIGHTENING
2011-06-24 06:29
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Mid-2011, the world economy is battered by a host of challenges, fiscal and monetary, as post-crisis recovery slows - fiscal imbalances, weakened consumer and business confidence and unrelenting joblessness (USA), the protracted sovereign debt crisis in euro-zone periphery threatening a contagion across borders, and the toll on Japan’s economy and neighbourhood from its natural disasters.