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Abstract

ECONOMIC FUNDAMENTALS – Real GDP growth is projected at -2.16% in 2009 for developed countries before it slowly recovers to about 2.3% per year. Developing economies, on the other hand, are projected to grow by 2.6% in 2009 before they recuperate to an average of 5.3% thereafter. – A more favorable exchange rate between the Chinese yuan and the U.S. dollar will allow for U.S. cotton to be more affordable to China’s cotton textile industry.

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