This Year's Upturns Speak Only One Language English

Call it an Anglo-Saxon recovery. While Japan and most of Europe struggle with recession, economist William Sterling of Merrill Lynch & Co. notes that all the major English-speaking nations apparently have turned the corner. With the U.S. expansion on a firm footing, Canada's economy has grown for eight straight quarters, bolstered by soaring exports. Britain's economy is responding to a weaker pound and monetary and fiscal stimulus. And Australia has benefited from a sharp housing upturn.

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