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Sentence Correction (SC) | Re: According to some analysts, the gains in the stock market reflect grow

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RMD007 wrote:

GMATNinja , Please explain the use of "that" in the original sentence.

As I understand, first "that" refers to the clause "the economy will avoid the recession" and second "that" stands for "recession". Please correct if this is wrong.

This is an example in which I see multiple use of "that" in one sentence.

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