INTERNATIONAL FINANCE
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From Times Staff and Wire Reports
IMF Calls for Economic Expansion: Worried about sluggish growth and rising unemployment in the industrial world, the International Monetary Fund’s policy-making body suggested that further interest rate cuts and smaller budget deficits would lead to global growth. The committee also stressed the importance of completing current global trade talks, which are deadlocked in a dispute that threatens to cripple the seven-year negotiations. The talks face a Dec. 15 deadline.
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