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IMF Cuts Growth Forecast, Warns US on Borrowing Limit

The International Monetary Fund is cutting its forecast for economic growth throughout the world -- mostly because expansion has slowed in China, India, Brazil and other developing countries. The IMF said Tuesday it expects the global economy to advance 2.9 percent this year and by 3.6 percent in 2014, both down from previous forecasts. The Washington-based agency said that economic growth had slowed or flattened throughout the world. At the same time, the IMF's chief economist, ...

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