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14 Sep, 2009 07:03

“The worst of the global crisis has passed”

Although there is still a risk of another economic recession, the worst has passed, believes John Peet, Europe Editor of The Economist magazine.

“I think we are at the beginning of a very gradual improvement. There are two big risks associated with it. One is that improvement will be very slow, and it may still be not comfortable. And the other risk is that we may fall back into another recession, what they call a W-shaped recession,” he told RT.