IMF plays down fear of global slump
Gary Duncan, Economics Editor
The global downturn this year and next is set to be less brutal than was previously feared, but dangers to the world economy from faltering growth and mounting inflation still leave it in a "tough spot", the International Monetary Fund said yesterday.
In an updated assessment, the IMF soothed anxieties over a vicious worldwide economic slump as it upgraded its forecasts for growth potential in the leading industrial countries.
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