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Posted AT 9:15 AM EDT on 05/04/08

IMF gives gloomy assessment of world economy

Reuters

WATFORD, England — The head of the International Monetary Fund gave a gloomy report on Saturday on prospects for the world economy to a dozen leaders debating how to respond to global financial turmoil. IMF Managing Director Dominique Strauss-Kahn told a high-powered forum hosted by British Prime Minister Gordon Brown that most of the downside risks to the world economy feared six months ago had now become reality.

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