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No, there won’t be a global recession in 2016

"Recessions normally follow a marked drop in job creation—but the opposite is happening"

By George Magnus  

Trader Gregory Rowe works on the floor of the New York Stock Exchange, Wednesday, Jan. 20, 2016. Energy stocks are leading another sell-off on Wall Street as the price of oil continues to plunge. (AP Photo/Richard Drew)

Read more: As oil prices plummet, is a global recession imminent?

On Friday last week, global equity markets perked up, bringing some relief to what has been a dire start to the year.…

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