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IMF warns of protectionist threat to global growth

International Monetary Fund Economic Counsellor Maurice Obstfeld as he answers questions during the World Economic Outlook Press Conference at the IMF Headquarters during the 2016 IMF/World Bank Annual MeetingsThe International Monetary Fund on Tuesday said protectionist political trends risked “turning back the clock” on free trade, warning of a low-growth future for the global economy. In its new World Economic Outlook report, the global crisis lender also sounded an alarm over what it called a “dangerous” credit binge in China. With Britain voting this year to secede from the European Union and US presidential candidates disfavoring open borders, the IMF said populist politics imperiled trade liberalization and economic growth.

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