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Swedbank Chief Economist says the real threat is stagnation

08-09-2011

In the latest “To the Point”, from the Economic Research Department at Swedbank, the bank’s Chief Economist Cecilia Hermansson says there is a fear of a new recession spreading and creating a new global economic crisis. However, “as the tool box is more or less empty, an even more likely danger to western societies is the possibility of economic stagnation.”

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