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Worst of Global Slowdown Occurring Now, According to BNY Mellon’s Hoey

NEW YORK and LONDON, Aug. 15, 2012 — BNY Mellon Chief Economist Richard Hoey said the worst of the global slowdown is occurring right now and he continues to expect a global growth recession in 2012 with global GDP to grow at three percent.  Hoey also expects a moderate strengthening of global economic indicators in late 2012 and 2013, according to his most recent ...

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