3 percentage points from its last forecast in October

CHINA’S UPGRADE: The International Monetary Fund raised its growth forecast for China but warned about rising debt that has prompted concern about the country’s finances. The IMF said the world’s second largest economy should expand by 6.5 percent this year, up 0.3 percentage points from its last forecast in October. However, growth is supported by government spending and surging credit, which « raises the risk of a sharper slowdown, » the agency said.

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