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Wednesday, September 10, 2008

News highlights

  • EU Cuts Economic-Growth Outlook for 2008, Forecasts Recession for Germany
  • China August Inflation Cools to Slowest in a Year as Export Growth Weakens
  • Russia's Economy Expands at Slower Pace on Higher Borrowing Costs
  • U.K. Economy Contracts for First Time
  • Consumer Spending in U.S. Stalled This Quarter
  • Fed's Fisher Sees 50% Odds of Accelerating Inflation Even as Growth Slows

Outlook still dim with inflation and negative growth daunting investors.

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