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As the year heads to its close, the International Monetary Fund has changed its 2012 forecast. The global economy has been weakening more than was expected. And next year’s growth will be even slower than originally thought. We ask Chris Scicluna from Daiwa Capital markets what can be expected.

Also in the programme: the Italian government is trying to support the lower paid, while balancing its budget; and there is the collapse of the merger talks between EADS and BAE.

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