Recovery takes a Time Out

Despite recent strong signs of a recovering economy, new reports on global manufacturing and national debt suggest otherwise. The United States is expecting declining demand for durable goods and Japan has fallen into a small recession due to the recent tsunami, though the global impact is expected to be small. Further discouraging news from Greece’s bailout package suggests the need of a restructuring. Greece will now find it even harder to borrow money as its credit rating was dropped by Fitch another three notches this Friday.

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Recovery takes a breather