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The Coming Economic Storm: Data Shows Gathering Global Slump

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AFRICANGLOBE - Next month, the US Fed is expected to bring its program of “quantitative easing” to a close and move toward an increase in interest rates, possibly starting in June next year. But in Europe and Japan, central banks are maintaining or even increasing financial stimulus measures. In other words, while the stimulus measures staved off a complete collapse of the financial system, they failed to boost the underlying economy and have set in place conditions for a further meltdown.
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