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IMF warns global recession in 2012 'can't be ruled out'

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The IMF issued its economic outlook for Europe in Brussels, at a time when the Greek-triggered sovereign debt crisis is mutating into a new banking crisis, and "therefore we recommend changing economic policy" away from austerity and back towards US and British-style stimulus, according to the 100-page report.

Copyright AFP (Agence France-Presse), 2011