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Wells Fargo is finally seeing the last remnants of the worst economic downturn in the country’s history with the economy posting a strong 1.0 percent growth rate in the first quarter of the year. However, the recovery is being driven by the external sector, while the domestic economy remains in recession. Furthermore, the recent aggravation of the country’s political crisis is threatening to extend the suffering of the economy for a longer period of time. Although Wells Fargo is still forecasting a positive print for the economy for the whole year, the meager 0.7 percent print for 2017 is not what happens normally when economies come back after such deep economic collapse.

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