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Sunday, 12 October 2014 - 12:07
IMF-World Bank: build infrastructure to fight malaise
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The IMF-World Bank annual meetings are fraught with concerns that the world still has not achieved escape velocity from the economic crisis.

The meetings this week were fraught with concerns that the world still has not achieved escape velocity from the economic crisis, and for people around the world that means, in real language, flat incomes and few new jobs.

The International Monetary Fund has repeatedly cut its growth forecasts since the beginning of the year, now putting 2014 expansion at a tepid 3.3 per cent, hopefully rising to 3.8 per cent next year.
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