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Fri 07 Jul 2010Time for fiscal and monetary stimulus is now
SERIOUS MONEY:THE DELUGE of economic data that has fallen short of market expectations has been relentless in recent weeks. It is now certain that the US economy suffered a material slowdown in economic growth towards the end of the second quarter.
The loss of momentum heading into the year’s second half is of concern given that the support provided by fiscal stimulus and the inventory cycle is set to fade.
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