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IMF semi-annual report warns of choppy waters ahead

“Despitethegoodnear-termnews,longer-termprospectsaremoresobering,”saidMauriceObstfeld,EconomicCounselorandDirectorofResearchattheIMF.Whiletheworldeconomycontinu

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International Monetary Fund predicts world economy to grow only 3.1 percent in 2015

​The International Monetary Fund on Tuesday predicted that the world economy will only see a growth of 3.1 percent in 2015, as opposed to 3.4 percent last year.

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IMF appoints new chief economist

​Christine Lagarde, managing director of the International Monetary Fund (IMF), announced on Monday the appointment of Professor Maurice Obstfeld as the IMF's Economic Counselor and Director of the Research Department.