Global Data Watch: Strong Growth, Slow And Painful Healing

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• Economic recovery gaining power even as mounting fiscal stress raises anxiety in developed world

• Multi-year package for Greece will relieve pressure but still leave on table worries about solvency and contagion

• Asian growth continues to surprise on the upside, compelling another forecast upgrade in Japan

• Brazil’s COPOM kicks off its tightening cycle with a 75bp hike; others reluctant to follow

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ENDS