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2. Contents. The global contextThe regional impacts and expected effectsResponses. 3. The global context. The consensus forecast shows that world growth will register a contraction in 2009. The expected contraction ranges from -0.5% (IMF forecast) to -2.9% (JP Morgan).Driven by a contraction in global demand, which will be reflected in the largest contraction in world exports since the Second World War.World exports are expected to contract by 9% in 2009, WTO.The world economy is exp30072

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