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Global Economic Outlook Is Stronger in 2014

The global economy may be entering a new phase as the year draws to a close. New data suggest some of the uncertainty that has characterized much of 2013 appears to be lifting as a new year begins, though economists are cautious. Despite steady improvement, U.S. unemployment remains high, Europe’s debt crisis is far from over, and China’s economy continues to slow. As the year ends, more people are finding work in the United States, the economy is growing at the fastest pace in two years...

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