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The Boston Globe

Business

IMF dims global growth forecast through next year

WASHINGTON — The International Monetary Fund said Tuesday that it sees slower global growth in 2013 and 2014 than it did just three months ago, citing expectations of a slowdown in key developing countries such as China and Brazil and a more protracted recession in Europe.

The international lending agency released an update of its World Economic Outlook issued in April, projecting the world economy will grow at 3.1 percent this year, down from a 3.3 forecast three months ago. The 2014 projection was cut to 3.8 percent from 4.0 percent.

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