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No domino effect from Korean tannery closures so far

20/12/2006

The financial market is not showing any clear direction or hard facts to support the divided opinions about the coming year. General consensus continues to suggest we will see a slowdown in the global economy, but good growth is still expected. Unsurprisingly, the emerging markets are still topping the list for growth. Europe, and particularly Germany and France, are expected to accelerate their rebound into 2007, but the pundits are not as united on this issue. Japan is not expected to deliver any spectacular contribution and the largest question mark in terms of economy is over the USA. This is already implicit from the amount of attention directed at all aspects of US financial data released each week.

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