Fears about another global economic slowdown in 2012 are rife. Escalating concerns over the Euro area's sovereign debt crisis, still tight credit conditions, and sluggish growth in the US are weighing on financial markets which is feeding back into the real economy. The combination of sub-t rend growth in advanced economies and moderating growth in the developing world, if it continues, would make a new surge in commodity prices unlikely in the near-term.
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