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Global economy in 2012 may be worse: IMF

Last Updated: Thursday, December 22, 2011, 14:07

With downside risks in advanced economies increasing and policy environment uncertain, the world economy may see worse conditions in the coming year, warned chief economist Olivier Blanchard of the International Monetary Fund (IMF) Wednesday.

Euro zone agreement only part of solution: IMF

Last Updated: Sunday, December 11, 2011, 16:15

An agreement reached by European countries last week for deeper economic integration was a step in the right direction, but not a complete solution for the euro zone's debt crisis, Olivier Blanchard, director of research at the IMF, said on Sunday.