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Africa and Global Economic Trends Quarterly Review - Second Quarter 2012
Global industrial activity accelerated toward the end of 2011 and in early 2012, in response to sustained demand, particularly from emerging economies. However, the second quarter saw worsening financial indicators in both the eurozone and the wider global economy, which impacted consumer demand and industrial output growth. Rising unemployment and the continuation of the eurozone debt crisis continued to weigh on business confidence and dampen equity markets.