IMF calls for policy action to counter looming downside risks

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The International Monetary Fund (IMF) today (July 16) released the latest editions of the World Economic Outlook and Global Financial Stability Report, which highlighted new setbacks to the world economy and called for prompt implementation of measures to address widespread weaknesses.

The World Economic Outlook set out three main risks facing the global economy: increased sovereign and financial market stress in the eurozone periphery, slowdowns in growth in emerging markets and fiscal problems

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