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RECENT ROBUST EXPANSION of the world economy will flag somewhat, according to the results of the latest International Chamber of Commerce/Ifo World Economic Survey.
"The expectations for the coming six months have again weakened to some extent, but the appraisals of the current situation have once more improved. These results are characteristic for the late phase of a cyclical upswing." At 103.8, the WES indicator for the world economic climate is lower than in the July survey but still clearly above its long-term average of 93. The moderate …