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IMF Downgrades Global Growth Forecast

The International Monetary Fund has lowered its global economic growth forecast for 2016, citing risks to emerging markets due to a slowing Chinese economy. The Washington-based Fund said Tuesday it believes the world economy will grow 3.4 percent in 2016 and 3.6 percent in 2017, two-tenths of a percentage point lower than previous estimates. The IMF is maintaining its prediction that China's economy will grow 6.3 percent this year, then slow to 6.0 percent in 2017, as Beijing...

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