WASHINGTON, USA -The International Monetary Fund warned Washington that the political showdown over the budget could damage the global economy, as it cut its US growth forecast.
The Fund, in its new World Economic Outlook, projected the US economy would grow 1.6 per cent this year and accelerate to 2.6 per cent in 2014, down respectively 0.1 and 0.2 percentage points from its July forecast.
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