The world's financial systems are more stable now, which is good for the manufacturing industry, according to MAPI's Global Outlook, July 2013. However, the global economy is still characterized by subpar growth in some regions and an inclination to destabilization depending on events. "In an increasingly interconnected world economy, everything from a banking crisis in Cyprus to various disasters in Syria and Turkey can have wide impacts," according to MAPI Senior Economist Cliff Waldman. "But over the near term, shocks are more likely to be exogenous than financially or economically endemic."
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