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IMF urges key G20 countries to spend more for growth

International Monetary Fund (IMF) Managing-Director Christine Lagarde (C) arrives to take part in a meeting of G20 finance ministers, in Chengdu, China's south-western Sichuan province, on July 23, 2016The International Monetary Fund (IMF) has warned risks to the global economy are growing, as it called on some G20 nations to boost government spending. Central bank chiefs and finance ministers from the world’s top 20 economies gathered in the southwestern Chinese city of Chengdu on Saturday to tackle a slowing global economy facing new uncertainties with Britain voting to leave the European Union (EU). “Global growth remains weak, and downside risks have become more salient,” the IMF said in a report released ahead of the G20 meeting.

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