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World economy: the expansion is becoming precarious

All eyes are now on the IMF’s spring meeting this week

By George Magnus  

Managing Director of the International Monetary Fund. Photo: Ting Shen/Xinhua News Agency/PA Images

This week, we will hear a lot from the IMF and World Bank spring meetings in Washington about the tensions in the world over trade and tariffs, the virtual standstill in productivity growth, and the question of how to secure reductions in both economic inequality and carbon emissions. The main media focus, though, will be on the IMF’s view about where the world economy is heading, against a background of rising angst about the strength and durability…

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