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Global Economy Watch - May 2013
Global economic recovery is uneven
Economies around the world are recovering at different speeds. We are now seeing the rise of a ‘three speed’ economy, with the Eurozone in the slow lane, the US in the middle lane, and the emerging markets in the fast lane. This month, we’ve interviewed the former President of Cyprus, George Vassiliou; in his opinion the Eurozone needs to integrate more to overcome its debt crisis. Finally, we have focused on equity markets which, in the case of the UK and the US, are back up to their pre-crisis levels.