|TOPIC||Economic crisis and recovery|
The world economy continues its recovery from the recession, but recent indicators signal the pace of output recovery is slowing and becoming more uneven across countries.
The economic situation in the euro area has stopped improving, in sharp contrast to the stronger-than-expected recovery in the United States and Japan. In developing Asia, the output growth continues to be robust, while it is much more subdued in many economies of Africa and Latin America and still very fragile in most economies in transition. The world economy as a whole witnessed a strong rebound during the second half of 2009, but is now moderating, as the strengths of the early driving forces of inventory restocking and policy stimuli are tapering off.
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