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Global summit predicts economic recovery in 18 months

November 23, 2008 By Los Angeles Times

LIMA, Peru - President George W. Bush and other world leaders vowed yesterday to act "quickly and decisively" to battle the global economic crisis, as a 21-nation summit predicted worldwide recovery in 18 months.

But the final declaration from the Asian Pacific Economic Cooperation forum was short on specifics, beyond a vow by participating nations to avoid pressures to implement "protectionist"...

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