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Unformatted text preview: 2% in December and then still further, to 1.5% in January and 1% in February. The upswing is supposed to come as domestic demand rises, thanks to lower interest rates. However, troubles still exist. Heavily indebted consumers will want to mend their own finances by saving more, not least in a climate of job losses. Exporters may be more competitive but they will be held back by the global downturn. With all these obstacles, economies should not bounce back from them in a hurry....
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- Spring '05