Regional Scenario |
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Clouds remain at the international level … The turbulence on the financial markets is showing only mild signs of abating and more evidence has emerged that the US economy is strongly slowing down, with mounting pressures on consumers. Indeed, financially overstretched US households are suffering from declining housing wealth, tightening financial conditions and increasing consumer prices. The combined effect of the monetary and fiscal stimulus will provide some relief in the second half of the
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