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Global Recovery Led by U.S. - IMF

The IMF's released a global growth forecast that Chief Economist Olivier Blanchard called a 'substantial improvement' over last year's output: "Put simply, the recovery is strengthening. We forecast real growth to be 3.6% growth this year, 2014. 3.9% next year—up from 3% in 2013." Blanchard said recovery was strongest in the United States, with the U.K. and Germany also positioned well.

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