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Monday, 14 October 2013 - 12:26
IMF chief warns a US default could spark recession
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The head of the International Monetary Fund, Christine Lagarde, has warned that a US default could tip the world into recession.

 

In a US TV interview she said a default would result in "massive disruption the world over".

 

The US Treasury will start to run short of funds on Thursday if no agreement is reached for it to raise its debt limit.

 

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