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IMF chief Lagarde in warning on economic recovery

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by BBC

August 28, 2011

The head of the IMF has said the global economy is not growing at a fast enough pace and faces a number of risks to recovery.

The head of the International Monetary Fund (IMF) has said the global economy is not growing at a fast enough pace and faces a number of risks to recovery.

Christine Lagarde warned a threat of global recession remained and called for coordinated policy action.

She said this should include the mandatory recapitalisation of European banks.



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