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Slim prospects for major global pick-up, say economists

Modest growth in developed economies will offset persistent weakness elsewhere

The US growth and inflation outlook is bleaker than forecast this time last year, even after a sharp fall in unemployment.


THE world economy may be set for another year like 2015, with modest growth in developed economies offsetting persistent weakness elsewhere but generating very little inflation and keeping interest rates low.

The US Federal Reserve's long-awaited rise in rates from zero...

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