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World Bank: 'Prepare for next crisis now'

Globe

Bad weather in the U.S., the crisis in Ukraine, rebalancing in China and the anticipated rise in interest rates will hit global growth this year, according to the World Bank, which has urged countries to continue urgent reforms.

Robust growth lifts hopes for Japan's economy

Japan Flag

Japan's economic growth was revised sharply higher in the first quarter, data on Monday showed, indicating the economy is in better shape than anticipated to weather a rise in the country's consumption tax.

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