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IMF cuts global economic growth forecast
 

According to the International Monetary Fund's latest forecast, the global economy will grow more slowly over the next two years. The IMF cut its forecast for global growth down to 3.9 percent in 2013, from 4.1 percent three months ago. Europe's financial crisis and a potential budget crisis looming in the U.S. could slow world growth even further, the IMF warned, adding that the world economy is likely to expand just 3.5 percent this year, down from the 3.6 percent estimated in April.

 

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