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Deflation or inflation : what is the main risk for the world economy ?
Coe-Rexecode for the Euren Group - N. 2/2009
23/04/2009
Alain HENRIOTSince last autumn, world economy is in a global slump. Most recent data show a sharp contraction in the activity at the end of 2008, followed by an additional downward adjustment in the first months of 2009, even if scattered information can sometimes signal a stabilisation of the activity at a low level.
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