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90 at 9: GDP to fall 0.7%; Anglo-Xstrata to merge; IMF more positive

90 at 9: GDP to fall 0.7%; Anglo-Xstrata to merge; IMF more positive



Bernard Hickey details the key news over the weekend in 90 seconds at 9am in association with ASB, including news that Finance Minister Bill English has pointed to a significant structural deficit that may need structural reform. Coal miner Xstrata and iron ore and platinum miner Anglo American are to merge in a US$68 billion deal, while the IMF has signalled it will upgrade its global GDP forecast for 2010 as the pace of the recession starts to ease.

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