The Associated Press: IMF: World economy to slow sharply, led by US - by Jeannine Aversa

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IMF: World economy to slow sharply, led by US - by Jeannine Aversa

The world economy will slow sharply this year and next, with the United States likely sliding into recession reflecting mounting damage from the most dangerous financial jolt in more than a half-century. The International Monetary Fund, in a World Economic Outlook released Wednesday, slashed growth projections for the global economy and predicted the United States — the epicenter of the financial meltdown — will continue to lose traction.