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Fed rate hike may lead to a 'vicious cycle': IMF chief

Ms Lagarde said that the Fund's World Economic Outlook report, to be published on Tuesday, would project weaker growth this year than in 2014 and only a slight pick-up in 2016.


THE International Monetary Fund voiced concern on Wednesday about the global economy, weakened by China's slowdown and facing a potential "vicious cycle" from a looming US interest rate hike.

"On the economic front, there is... reason to be concerned. The prospect of...

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