IMF spells out global risks

In a briefing note, the IMF said economic growth would continue to slow by the end of the year across the globe, naming the U.S. housing market as one of the pivotal risk factors, the British Broadcasting Corp. reported Saturday.

The note also names government debt as a key issue and calls for developing economies to concentrate on increasing domestic spending and relying less on exports.

In contrast, developed economies needed to trim their government debts and increase their export sales, the note said.

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