Monday 5 December 2016

A step forward, then one back

Published 25/08/2010 | 07:53

THERE was a general air of unease yesterday as world stocks fell. It was another day of reminders of how fragile and tentative global recovery is likely to be.

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Two steps forward, one step back . . . we must look for encouraging signs wherever we can find them.

Reports from the US suggest a touch of fatigue in the global economy. Ireland's giant building materials group CRH has warned that, because of a disappointing performance in its American materials division, it looks unlikely that the company's performance this year will be as good as had been expected.

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