Increased risks for the world economy
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Last year again saw a rapid increase in global production, with growth of around 4%. However, the deep financial crisis in Southeast Asia led to considerable retarding influences during the second half of the year. In some quarters it is even feared that the crisis could spread to other regions, culminating in worldwide deflation or even depression. Are such fears justified?
KeywordsExchange Rate Interest Rate Monetary Policy Financial Crisis Foreign Trade
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