April 2006

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Dear reader,

We have just issued the following publication "Current Issues":

New Economy 2.0 –

Above potential growth continues in 2006/07

Is the current combination of strong growth, surging oil prices and low
inflation just the result of a lucky confluence of transitory factors and will
it all end in shambles as the doom-sayers are predicting, or are there some
structural factors at work which will have a more lasting effect?

We think that
rapid globalisation combined with technological progress has led to a more
efficient global division of labour, higher profits and low inflation.

the New Economy 2.0.

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DB Research - New Economy 2.0 –

Above potential growth continues in 2006/07