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IMF Slashes Forecasts for Global Economic Growth
The global economy continues to weaken but how long the slowdown persists will depend on whether U.S. and European policymakers address underlying economic challenges, the International Monetary Fund said in a report on Monday. “A key issue is whether the global economy is just hitting another bout of turbulence in what was always expected to be a slow and bumpy recovery or whether the slowdown has a more lasting component," the IMF wrote in its latest World Economic Outlook. Much will depend on whether European and U.S. policymakers deal with their major short-term economic challenges, the IMF noted. With the ... (full story)