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2012: The year in business

2012 was the year when shocking economic and business news seemed to lose its power to shock.

Nothing much really got sorted out - the debt mountains in Europe and the US still towered over everything; scandalous behaviour at big western banks continued to hit the headlines; China again failed to make progress in rebalancing its lop-sided economy.

As voters in the US went to the polls and the Chinese communist leadership underwent its once-in-a-decade refresh, it could have been a year of change for the world's two biggest economies.

But continuity was the watchword.

The BBC's World Service Business Editor, Martin Webber looks back at the year in business.

  • 24 Dec 2012