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U.S., Europe Growth to Stay Weak, IMF’s Blanchard Tells Figaro

Sept. 6 (Bloomberg) -- U.S. and European economic growth will remain weak, IMF chief economist Olivier Blanchard told French daily Le Figaro in an interview.

Better-than-expected European growth in the second quarter hasn’t removed the brakes on consumption and investment, which include the weakness of the financial system, Blanchard told the newspaper.

To contact the editor responsible for this story: David Whitehouse at dwhitehouse1@bloomberg.net

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