Deutsche Bundesbank Monthly Report, August 2002

REPORT - Germany's central bank, on 11 September published its Monthly Report for August 2002. The Bundesbank finds that although the global economic recovery continued at a moderate pace in the second quarter, the outlook for the coming months has recently "clouded over" on the news of developments in the financial markets. Sliding stock prices, which are rather atypical at the beginning of a global upturn, contributed to a renewed worsening of consumer and investor sentiment in North America

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