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IMF cuts growth forecast for Asia
The International Monetary Fund (IMF) has cut its growth forecasts for Asia over worries about eurozone debt and new fears for the US economy.
The IMF said risks for Asia were "decidedly tilted to the downside" because of these concerns over its two major export zones.
It said gross domestic product (GDP) growth across Asia would average 6.3% in 2011, and 6.7% in 2012.
In April, it had predicted close to 7% growth in both years. ...
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