Floating concerns

Export data has been showing exceptional growth. Such growth is unlikely to be maintained in the future, given the gloomy outlook on the world economy. In 2010 and 2011, if a slowdown in investment was taking place, remarkable export growth helped to counteract the impact upon demand in the economy. If, in coming months, a reduced pace of investment growth and export growth come together, this would exacerbate the downturn.

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