Global economic growth in 2011 is forecast to be lower than 2010, with momentum fading, rather than building. Meanwhile, on Sunday, Jean-Claude Trichet, president of the European Central Bank (ECB), dismissed fears that Europe is facing a double-dip recession after last week’s global manufacturing data coupled with US consumer confidence, housing and jobs data, raised concerns about the global recovery and the signalled continued fragility in the American economy – - the world’s biggest.
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