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GMAT Verbal Section | Re: Difference between the usage of 'will' and 'would'

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It's a bit tricky issue. Following are two official examples:

The company announced that its profits declined much less in the second quarter than analystshad expected and that its business would improve in the second half of the year.

The Organization of Petroleum Exporting Countries (OPEC) had long been expected to announce a reduction in output to bolster sagging oil prices, but officials of the organization just recently announced that the groupwill pare daily production by 1.5 million barrels by

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