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The country's three biggest banks — Bank of America, Citigroup and JPMorgan Chase — settled on the structure of the proposed fund about a week ago, after two months of complicated negotiations against the backdrop of deteriorating economic conditions.
"A record year-on-year drop in February imports should be another sign of declining domestic demand against the backdrop of deteriorating industrial production," said senior UBS economist Akira Maekawa in a research note.
And this all comes against a backdrop of deteriorating relations between some of these countries.
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Osborne will deliver his budget against the backdrop of a deteriorating outlook for the global economy.
He said: "I'm moving against the backdrop of a deteriorating situation within the Church of England.
The chancellor will deliver his budget next Wednesday, against the backdrop of a deteriorating economic outlook.
The prime ministers were speaking on the eve of the G20 London summit and against a backdrop of a deteriorating world economy.
As the chancellor prepares to announce his budget against the backdrop of a deteriorating economic outlook, the government is keen to show that it is pressing ahead with changes, despite the looming referendum.
Osborne will deliver the financial statement against the backdrop of a deteriorating outlook for the global economy, and has warned that he may have to make fresh spending cuts to meet his target of balancing the public finances by the end of the parliament in 2020.
The chancellor is also expected to be forced to downgrade his economic forecasts, and has signalled that he will use his statement to announce fresh spending cuts, in order to hit his target of generating a surplus on the public finances by 2020, against the backdrop of a deteriorating world economy.
Writer also tells of deteriorating postal service.
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