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IMF Chief Georgieva Warns of 'Tough Year' for World Economy
"We expect one-third of the world economy to be in recession," International Monetary Fund Managing Director Kristalina Georgieva told CBS’s 'Face the Nation' in an interview aired Jan. 1.
The IMF already warned in October that more than a third of the global economy will contract and that there is a 25% chance of global GDP growing by less than 2% in 20...