Turmoil will impact global economy- IMF's de Rato
Rodrigo de Rato, the managing director of the International Monetary Fund, said the recent bout of money-market volatility will affect global growth.
Speaking in Italy on 7 September, de Rato said: "Our judgment is that the financial market turbulence will have some modest adverse effects on global economic growth this year, but that would still leave global growth rates similar to those we have seen in recent years."
De Rato said that the Fund's prediction assumed the financial markets would
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