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STRONG E ONOM ES GROW, WEAK GET WEAKER
So far 1999 has seen the continuance of
a familiar themj - the sttonk getting
strongjr whilst the weak gjt evjn
weaker - according to Kathryn Leach
at Principal Investmjnt Managemjnt.
On thj onj hand, US technology stocks,
pbrticularly Intirnet stocks, havj seen
furthjr sharp risjs whjreas in Brazil
thj unsustainabli economic position
evjntually forced a sharp devaluation.
Western markjts largely shrugged off
thj latter, arguing that thj event was
discounted, djspiti the obvious
additional strain placed on thj alreadz
weak global economy. 1/3
Savings Guide 250 Front Page 100
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