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Tue, May 13, 2003 - Page 12　News List

Postwar expansion is unlikely

PRECEDENT FAILS Analysts believe that slagging consumer demand, coupled with excess capacity, will prevent the world economy from gathering the blessings of peace

BLOOMBERG , NEW YORK

The bursting of the Internet bubble left companies with equipment and broadband distribution capacity they didn't need.

"It's a recovery, but it is a wobbly, soggy, weak recovery," US Treasury Secretary John Snow told Congress Thursday. "I'm really concerned" about the world economy, he added.

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