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IMF upgrades U.S. growth projections but downgrades global outlook
IMF upgrades U.S. growth projections but downgrades global outlook

The International Monetary Fund on Tuesday upgraded its economic growth forecast for the U.S. based on stronger demand fueled by lower oil prices, but the organization downgraded its global outlook because of continued fallout from the 2008 financial crisis. The U.S. economy will expand 3.6% this year, up from the October projection of 3.1%, the IMF forecast said. Growth next year will be lower, at 3.3%, the IMF said, but that is up 0.3 percentage points from the earlier projection. The global economy is a different story. The 3.5% growth forecast for this year is 0.3 percentage points lower than the IMF projected in October. Next year, global economic output will be 3.7%, also down...

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