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The year ahead holds reasons for cautious optimism. Citi projects global GDP to accelerate to 3.3% in 2014. Compared to recent history, growth prospects have improved for advanced economies, while the reverse is true for many emerging markets. For treasurers, the task will be that of refining strategies to manage an increasingly diverse portfolio of currencies, funding needs, cash investments and commodity exposures against a setting of changing regulatory frameworks and market volatility.

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