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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