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Economic Outlook: Economic setback ahead

2008-04-23

The outlook for the world economy has worsened over the last months. The international credit crisis seems far from over, the housing market is under serious pressure several places and the global stock markets have experienced their most dramatic down fall since the burst of the IT-bubble in 2000. Based upon these tendencies Nordea is in the report Economic Outlook making a noteworthy adjustment to the economic growth for the upcoming years.

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