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At a crossroads.
Macro-economic newsDeveloped countries seem to have reached a crossroads. The United States and Europe desperately need growth to get out of the rut of public debt and markets and businesses are now awaiting signs which will kick start the momentum. The third quarter is unfortunately looking pretty much like the second one (positive growth of 0.2%) followed by a slowdown in early 2012. Although macro-economic indicators seem to have more or less levelled outin developed countries, confidence indicators are now tapering off, particularly in Europe.
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27 October 2011