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Small business slowdown holds back global recovery

from CNBC

The small-business slowdown afflicting the U.S. is apparently a global phenomenon. American economists recently have pointed to the fading fortunes of U.S. small businesses — once the "engine" of job growth — as a key reason the economic recovery has been longer and deeper than in any post-war recession. But small businesses throughout the developed world are also struggling, according to research published this week by the Organization for Economic Cooperation and Development. more

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