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Prospects Daily: World Bank sees Global recovery facing headwinds

 

Important develoments today:

1. World Bank releases ‘Global Economic Prospects’ report, highlighting risks to world recovery

2. China’s net purchase of Japanese long-term government debt reaches record high

3. U.S. Fed Chairman Bernanke: ‘Uneven’ recovery…watch excessive budget cuts

4. OPEC: no consensus on output quotas