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Cheap oil, strong US economy no cure for weak growth: Lagarde

There are still powerful factors that weigh on the downside, says IMF chief

MS LAGARDE: 'Too many countries are still weighed down by the legacies of the financial crisis, including high debt and high unemployment'


INTERNATIONAL Monetary Fund (IMF) managing director Christine Lagarde said cheap oil prices and a resurgent US economy won't be enough to help overcome sluggishness elsewhere in global growth.

"The obvious question is this: should lower oil prices and a stronger recovery