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Africa and Global Economic Trends Quarterly Review - Second Quarter 2011
Industrial production has continued to expand in most major economies, despite some loss of momentum in recent months. In Japan, industrial output has declined significantly but is expected to rebound strongly in the next few months. By contrast, industrial output in the rest of the world is projected to moderate, reflecting modest spillover effects from Japan due to disruptions in the global supply chain and, more importantly, a looming loss of support from the inventory cycle.