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IMF warns about 'damaging cuts'

The head of the International Monetary Fund has urged countries to ease back on cuts because of the impact on growth. It has previously warned the global economic recovery was weakening as government policies have failed to restore confidence.

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World governments warned over 'damaging cuts'

The head of the International Monetary Fund has urged countries to ease back on financial cuts because of the impact they are having on growth.

Christine Lagarde, International Monetary Fund Managing Director Credit: Press Association

According to the Financial Times (£), Christine Lagarde warned against bringing in too many spending cuts and tax increases at once, saying: "It's sometimes better to have a bit more time."

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