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Even though many economies appear to be emerging from recession, the road to recovery is going to be pocked with setbacks and slippages in the coming year, with prospects for future growth clouded by the long-term effects of the global financial crisis, a British expert said at a recent seminar in Tokyo.

And while the postcrisis world is looking increasingly to emerging economies to drive global growth, turbulence could potentially erupt in those markets as well, and with greater impact than before, warned Vanessa Rossi, a research fellow in international economics at the Royal Institute of International Affairs, popularly known as Chatham House.

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