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IMF: eurozone economy dragging down global growth

The euro zone is set to grow five times slower than the US this year, according to new projections from the International Monetary Fund (IMF) in their latest economic report - released yesterday in Dubai.

Whilst the US economy, with expected growth of 3.2 percent this year, is dragging the World economy out of its present slump, the euro zone, with a sluggish 0.5 percent growth projection this year, is dragging it back down.

Moreover, recovery in the 12-country zone is expected ...

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