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World Economy
Inside this issue
• Intervention was only partly responsible for averting disaster in world trade
• Economists now need to use more judgment – and modesty - -
Content
Growing again but still on medicine
Talk among policymakers has now turned to ‘exit strategies’, writes Chris Giles
Regulation: Doubts over political resolve for reform
Tighter rules run the risk of being watered down, says Norma Cohen
Economic cost: Crisis leaves lasting scars
The recession’s permanent damage is in lost output, writes Chris Giles
World trade: Turnround in global commerce defies the doomsayers
Intervention was only partly responsible for averting disaster, writes Alan Beattie
Winners and losers: Global strengths and weaknesses are exposed
Some effects of the global crisis are startling, writes Ralph Atkins
Employment: Job losses – the third phase of the crisis
This is the ultimate test of liberalised labour markets, says Brian Groom
Forecasting: Relationship of trust is permanently damaged
Economists need to use more judgment – and modesty, says Chris Giles
Imbalances: Continental shift required
Global relationships need to be redefined, writes Krishna Guha
The dollar: It would take a revolution to overthrow the greenback
Martin Sandbu looks at why there is no real rival for the US currency’s role
Exit strategies: Big economies’ central bankers face delicate balancing act
The banks have to sound convincing about raising rates, says Krishna Guha

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