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Headline: Downright worry versus cautious optimism Source: Euromoney Date: January 2001 Author: Jonathan Brown Following the turbulence of 2000 in financial markets – with the euro in free fall, volatility in tech stocks, a climbing oil price and continuing problems in Japan – economists are divided into two camps over the outlook for 2001: the cautious and the downright worried. Merrill Lynch’s army of analysts take the cautious – even a cautiously optimistic – line, arguing that though global growth will continue to slow, conditions are in place that will result in positive returns in equity markets and a soft landing in the global economy. |
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