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2009 Global R&D Outlook

In recent years, global effects have slowed R&D growth. Nonetheless, a number of signs point to increased spending in the R&D field for the coming year.

In its World Economic Outlook, published in October 2008, the International Monetary Fund stated that the quickly decelerating world economy would affect global research and development (R&D), with some global R&D growth absorbed by the inflation rate for a net result of flat R&D spending.

Source: Industrial Market Trends

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14 SUM CVR 160x214Inside the Summer 2014 issue…

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• Severe Service in Power Plants
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