There is a growing optimism, however, that a recovery in overall economic conditions will commence before the end of this \HDU DQG WKDW QH[W \HDU ZLOO RQ D ZRUOGZLGH EDVLV EH D EHWWHU \HDU WKDQ   WKDW LV provided that no further major shocks will occur in the global financial markets in the near future. BIS Review 55/1999  4
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