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Betting on a recovery, with little room for bad news

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Victoria Foley and Paul Fredricks

Globe and Mail Update - Monday, January 26, 2009 at 9:34 EST

Skills training, business opportunities and infrastructure

From Wednesday's Globe and Mail

OTTAWA — The federal budget is built on the belief that within a year all the stimulus packages being introduced around the world will fuel a stunning recovery for the global economy.

Not since the Great Depression have the world's major economic powers sunk into a recession at the same time, but, according to the government, the Canadian economy will shrink by less than 1 per cent this year and bounce back smartly in 2010.

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