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1st LD: IMF projects global economy to grow 3.5 pct in 2015, unchanged with last forecast

Xinhua, April 14, 2015 Adjust font size:

The International Monetary Fund (IMF) said Tuesday that the global economy is estimated to grow 3.5 percent in 2015, on par with the forecast it made in January.

The growth rate is expected to pick up to 3.8 percent in 2016.

The outlook reflects an increase in growth in advanced economies but is offset by a decrease in growth in the emerging markets and developing economies, the Washington-based lender said in its biannual World Economic Outlook (WEO) report.

"Several advanced economies and some emerging markets are still dealing with crisis legacies, including persistent negative output gaps and high private or public debt or both," the report said. Endi