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WASHINGTON, July 17: The IMF on Thursday slightly raised its growth forecasts for the world including the United States but said the global economy remains in a “tough spot” due to rising inflation amid a slowdown.
World output is expected to climb 4.1 per cent in 2008, up from its April projection of 3.7 per cent, the International Monetary Fund said in an update of its April World Economic Outlook. But the report also dramatically boosted the inflation outlook.—AFP
