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(United Nations, 2008) However, after several years of strong growth, the world economy is now facing some serious challenges in supporting its brisk pace. Currently, the growth of the global economy moderated somewhat from 3.9% in 2006 to a nonetheless robust 3.7% during 2007. The baseline forecast of the United Nations for growth of 2008 global economy will decline to 3...
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The baseline forecast of the United Nations for growth of 2008 global economy will decline to 3.4%, but the condition of risks are ominously much larger than last year, such as the deepening credit crisis in major developed market economies, as well as the continuing housing bubbles in the United State of America, the declining value of the United State dollar vis-a-vis other major currencies, the soaring oil and non-oil commodity prices are continuous increasing and the persistence of large global imbalances will all threaten the sustainability of global economic growth in the coming years...
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