IMF downgrades global growth on concerns about recovery

The IMF slashes its global growth forecasts, setting a tone for the IMF-World Bank 2012 annual meetings in Tokyo this week.
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The IMF's Olivier Blanchard
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<div style="text-align: left;"> The IMF's Olivier Blanchard </div>

The IMF expects the global economy to grow 3.3% this year and 3.6% in 2013, with a slump in world trade hurting emerging markets and developing countries, according to its latest World Economic Outlook, released ahead of the annual meetings that kick off today.

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