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World has run out of firepower to fight next recession, IMF warns

World has run out of firepower to fight next recession, IMF warns

The Telegraph - By Anna Isaac

The emergency tool kit that helped to pull the global economy out of the Great Financial Crisis might not work a second time, the world’s lender of last resort has warned. David Lipton, deputy director of the Washington-based International Monetary Fund, delivered a stark warning about the depleted …

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