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Mon 10 Oct 2008World economy faces 'major slowdown'
IMF WARNING:IMF MANAGING director Dominique Strauss-Kahn has warned that the world economy, already under pressure from high prices for oil and other commodities, faces a "major slowdown" as a result of the financial crisis.
Mr Strauss Kahn said many emerging market countries would suffer spillover effects from the turmoil which brought the financial system to the brink of meltdown in mid-September.
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