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IMF's Lagarde: Global Economy Facing 'New Mediocre' Risk

International Monetary Fund chief Christine Lagarde says the global economy is facing "the risk of a new mediocre, where growth is low and uneven." Lagarde offered her assessment of the world's economic fortunes to international financial leaders at the annual IMF and World Bank meetings Thursday in Washington. The two agencies often lend billions of dollars to troubled countries to help them resolve their financial shortcomings. The IMF this week said global economic...

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