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Towards an improvement
In 2001 global fine paper demand was weak due to lower economic growth and de-stocking in Europe and North America. Sales volumes declined, especially in coated finepapers, but overall price levels remained fairly stable. Provided no negative surprises occur in the world economy, fine paper demand could pick up during the second half of the year as balance is restored after de-stocking. Average market growth over the past five years has been 7.1% in coated and 2.6% in uncoated fine papers.
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