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03-30-2007, 02:35 AM
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Economy - Thursday (Investor's Business Daily)
Investor's Business Daily - The U.S. will miss the International Monetary Fund's 2.9% growth forecast, but not in a "significant way," Managing Director Rodrigo Rato said. Subprime mortgage woes will hurt spending in '07 but won't destabilize the fin'l sector. "The impact of the housing sector is a limited one, given that employment and family income is very strong," he said.
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