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IMF warns of weak global economy

The International Monetary Fund (IMF) has warned that global economic recovery is weakening as government policies have failed to restore confidence.

It added that the risk of further deterioration in the economic outlook was "considerable" and had increased.

The IMF downgraded its estimate for global growth in 2013 to 3.6% from the 3.9% it forecast in July.

Stephanie Flanders reports.

  • 11 Oct 2012