LONDON - The world will settle into a subdued medium-term growth trajectory unless leading economies change course to improve prospects for recovery, the International Monetary Fund warned on Tuesday in its World Economic Outlook. Launching its twice-yearly forecasts, the fund trimmed its predictions of global expansion for 2013 and 2014 with all of the downgrade coming from weaker prospects in emerging economies. It still expected a modest acceleration of activity next year led by advanced economies, many of which could boast upgrades to their outlooks.
financial times london
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