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BlogsIMF FORECATS SUMMARY
27th January, 2012
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The International Monetary Fund has cut its forecast for world economic growth, warning the eurozone debt crisis could trigger a major downturn unless it is properly addressed.
The Washington-based Fund has called on major economies not to make drastic budget cuts too quickly, arguing that could end up doing more harm than good.
However, in an optimistic note for Australia, the I-M-F has forecast the country's economic growth to remain stable thanks to the strong performance of some of its key trading partners.
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