The World Economy Is Still Very Vulnerable

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By Chris Giles

Published: July 27 2010 23:00 | Last updated: July 27 2010 23:00

Double dip. It is the phrase on everyone's lips "â?? and it makes many of those lips tremble. With the shock of 2008 fading into memory, the moment of reckoning for the global economy has arrived. Will the bounce back from the nadir become established as a return to sustainable expansion "â?? or will initial relief mutate into the despair of a renewed slowdown?

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