World economic recovery weakened

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Tuesday, October 09, 2012

The world economy has weakened further, the International Monetary Fund says, plagued by uncertainty.

Advanced economies are risking recession, the international lending organization said in a quarterly update of its World Economic Outlook, and the malaise is spreading to more dynamic emerging economies such as China.

Underpinning that bleaker scenario are the assumptions that Europe will continue to ease monetary policy and that the U.S. will avert a crushing blow to growth by fending off a so-called "fiscal cliff" that could result from a failure to reach a compromise on its budget law and tax cuts.

Read more at OregonLive.com.

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