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Global Growing Pains

July 9, 2013

Steel factory laborer in Qundao, China. Lower-than-expected growth in emerging markets is putting brakes on global outlook (photo: STR/AFP/ Newscom)

The global economy is growing more slowly than expected, says the IMF in its latest assessment. It’s revise growth downwards to 3.1 percent this year, and warns risks are rising in emerging markets.

Olivier Blanchard, IMF, Chief Economist