1. News on the US economy has improved 2. Consumers and businesses are cautiously increasing spending 3. A recovery in housing markets is key to more robust economic growth 4. Eurozone meltdown is biggest threat to global recovery 5. Unlike the US, Eurozone debt problems are systemic 6. The Eurozone's mild recession will end by mid-2012; risks of a disruptive sovereign debt crisis have diminished. 7. Emerging markets doing better, but they are not "decoupled" 8. The "2-speed"world remains feature of the future 9. China becomes a risk factor for emerging Asia
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