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Global Decoupling Intensifies

Fourth Quarter Commentary – 2014

The Great Decoupling between the U.S. and the other major world economies became even more apparent in the final three months of 2014. After long struggling to claw its way out of the Great Recession, the world’s biggest economy is on an extended win streak that is edging it closer to full health. Things don’t look quite so bright elsewhere, which is where we see potential bumps in the road and risks in the year ahead.

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