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IMF: Global Growth Tepid; US Growth Slows

The International Monetary Fund says global growth remains weak, and predicts that advanced economies will expand more slowly this year. IMF economist Maurice Obstfeld says the “world economy has moved sideways,” expanding 3.1 percent this year and will speed up slightly in 2017. In Tuesday’s report, the IMF cut the predicted U.S. growth rate to a "disappointing" 1.6 percent rate this year, while Japan and the eurozone got slight upgrades.   The IMF says slow growth...

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