War cloud hangs over global economy recovery in 03

MEXICO - The global economy is set for recovery next year, once uncertainties surrounding the possibility of a war on Iraq are resolved, the head of the Bank of International Settlements said on Monday.

Andrew Crockett said after a meeting of central bankers in Mexico City a number of uncertainties still surround the speed of recovery in the global economy, which had been hoped for in 2002, but is now expected for next year, Reuters reported.

"Despite the fact that there are a number of

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