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In an op-ed, Prof. Michael Spence explains his cautious optimism about the global economy

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Excerpt from Project Syndicate -- "Without dismissing the downside risks, I remain cautiously optimistic about the global economy’s prospects. With greater clarity in terms of Chinese and US policy, both economies should gain momentum. That will give developing countries (many of which face difficult domestic policy choices) a tailwind, while making the substantial challenges in Europe and Japan easier to address."

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