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Growth To Improve By 2014

BMI View: We have downgraded our US real GDP growth forecast for 2013 to 2.1% from 2.3%, due mainly to base effects from late 2012, and the decision to maintain the 'sequester' cuts to federal...

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Current Account To Stay In The Red

South Africa's current account deficit will remain sizeable over the coming years, with BMI predicting that it will be 6.7% of GDP in both 2013 and 2014. Inflows to the capital and financial account...

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China's Economic Shift A Looming Threat

In our review of the implications of China's 12th Five Year plan on Taiwan's economy, we find that Taiwan's semiconductor and flat-panel sectors face the greatest risk from Chinese competition over...

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Banks Caught In A Vicious Cycle

Caught in a vicious cycle of deteriorating asset quality, higher capital requirements and tighter credit standards, and with no economic recovery in sight, we retain our negative outlook towards the...

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