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Global growth on track despite Greek crisis, China setback: IMF

Its World Economic Outlook report says, however, that near-term risks include increased financial market volatility and disruptive asset-price shifts

A pensioner waits in front of a National Bank branch to receive part of his pension in Athens on Thursday. A race to save Greece from bankruptcy and keep it in the euro gathered pace on Wednesday, when Athens applied for a three-year loan and European authorities expedited the request.


THE International Monetary Fund (IMF) on Thursday effectively brushed aside fears of a major disruption to the global economic or financial system in the wake of the Greek crisis and the collapse in Chinese stock prices.

In the latest quarterly update to its World Economic