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Poverty and the Economy November 2012
There were positive developments during October in the world economy such as the U.S. growth rate is forecast to improve to 2.5% in the fourth quarter, a percentage point higher than in the second quarter; and the slow-down in Chinese growth appears to have ended in October with both industrial producion and exports up. But these are balanced by some negaive developments which includes Europe has fallen into its second recession in 3 years; Japan’s GDP declined in the last quarter and Indian growth esimates have been reduced further.
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