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recession, gdp
(Image from article: "Downward revision of GDP growth a strong signal of stalled recovery")

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Newsweek: Recession helps China, emerging markets

Predictions have the major emerging markets—Brazil, Russia, India and China, a.k.a. the BRICs—overtaking the combined GDP of the G7 nations by 2027, nearly a decade sooner than the forecast in a landmark study a few years back.

 

GDP sees biggest drop in 27 years

GDP sees biggest drop in 27 years

The economy shrank at its fastest pace in nearly 27 years in the fourth quarter, government data showed on Friday, sinking deeper into recession as consumers and business cut spending.

 

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