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N Chandra Mohan: The crisis contagion
The woes of the world economy are not coterminous with the worsening worries of the debt-ridden, recession-hit euro zone economies. The most powerful economy in the world, the US, is expected to slip into recession within the first half of this year. The future growth engines like China and India, too, are experiencing weakening growth prospects. In nearly two-thirds of the 20 leading economies in
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