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APR 10, 2013 - San Francisco Chronicle

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IMF chief worries about pace of economic recovery

IMF chief worries about pace of economic recovery WASHINGTON (AP) — The head of the International Monetary Fund said Wednesday the greatest threat to a lasting economic recovery in Europe is "the fatigue of both governments and populations" over painful steps taken to boost growth and combat national debt. IMF Managing Director Christine Lagarde said the economy seems better in the United States, although she's watching the effects of automatic budget cuts. The measures are taking a toll on people, with living standards dropping as unemployment hits record highs.

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