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• The global economy saw a slowdown in growth in the second half of 2011 which continued into the first half of 2012. Looking ahead the picture is more upbeat in the USA than in Europe, and Emerging Asia is set to remain the engine of world growth while five of the top ten fastest growing countries in the world are African nations. Inflationary pressures are receding but risks to the outlook remain high. The Economy, Finance and Trade research team examine the performance of the global economy so far in 2012 and the medium-term outlook. We examine key trends globally, spotlighting key advanced and emerging economies and explain what these trends really mean to the business community…

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