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World economy in a rut despite flood of stimulus

Central bankers already pressing against the limits of their powers; threat of recession still around
Thursday, March 31, 2016 - 05:50

Washington

CENTRAL bankers have managed to steer the world economy clear of a recession while leaving it stuck in the same rut that led to its troubles in the first place.

A torrent of monetary stimulus in recent weeks helped spark a turnaround in financial markets by assuaging

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