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ECONOMICS COMMENTARY Feb 05, 2013

Slower US expansion acts as drag on wider global economic upturn

Global economic growth slowed slightly in January compared to December's nine-month high, according to purchasing managers' surveys, but remained well above the lows seen last summer. The lower pace of expansion was also limited to the US, with the UK and Japan returning to growth, upturns seen in almost all major emerging markets and the eurozone ownturn easing again.

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