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This is the VOA Special English Economics Report. Both the World Bank and the International Monetary Fund expect the world economy to shrink this year for the first time since World War Two. As recently as January, the I.M.F. had predicted growth of
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The U.S. central bank says the U.S. economy continues to deteriorate, and the outlook for the months ahead remains grim. Wednesday's Federal Reserve report followed another decline in U.S. retail sales that helped push financial markets lower. In it
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An unidentified resident stands in front of a poor apartment in Lagos, Nigeria Tuesday, Oct. 17, 2006. The International Day of the Eradication of Poverty is marked worlwide Tuesday with the aim of eradicating absolute poverty and reducing overall po
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By Ron Corben Bangkok 02 July 2007 A Thai investor has a lot more going for her than ten years ago, 13 June 2007 Asian economies hit by the financial crisis of a decade ago have now recovered, thanks in part to reforms and strengthened banking system
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