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The Guardian - UK
The Guardian - UK
Business
Heather Stewart in Bangkok

IMF warns global economy ‘could soon test the limits of resilience’

Aerial view of the ExxonMobil refinery near Joliet, with storage tanks and billowing smoke stacks
The ExxonMobile refinery near Joliet, Illinois, US. The plant has been receiving crude from the US strategic reserve to make up shortfalls in imports. Photograph: Tannen Maury/EPA-EFE

The global economy “could soon test the limits of resilience”, as emergency oil stocks run low and government budgets become overstretched, the International Monetary Fund has warned.

In its twice-yearly World Economic Outlook, the IMF said global growth had withstood the Middle East conflict better than feared over the past six months.

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