International Monetary Fund Managing Director Christine Lagarde speaks during the inaugural Michel Camdessus Central Banking Lecture at the International Monetary Fund in Washington, DC, July 2, 2014. AFP PHOTO / Jim WATSON
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International Monetary Fund Managing Director Christine Lagarde signaled a cut in the institution's global growth forecasts, saying investment was still weak and that risks remain in the U.S. even as its rebound accelerates.The IMF is preparing to update its economic forecasts this month after predicting on April 8 that the global economy would expand 3.6 percent this year and 3.9 percent in 2015 .A July 3 Labor Department report showed that U.S. employers expanded payrolls by 288,000 workers last month, pushing down the jobless rate to 6.1 percent from 6.3 percent in May, a level Federal Reserve officials did not expect to see before the end of the year.
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