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The Boston Globe

Business

IMF’s Lagarde sees improved world economic outlook

WASHINGTON — The head of the International Monetary Fund, Christine Lagarde, said Thursday that the threat of a global financial collapse appears to have eased. But she warned that developed economies still need to follow through on financial reforms and debt reduction.

‘‘We stopped the collapse. We should avoid the relapse. And it’s not time to relax,’’ she told a news conference on her outlook for 2013.

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