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IMF claims recession is almost over

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IMF claims recession is almost over

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The IMF claim that the world is finally emerging from a deep global recession thanks to a swift economic turnaround in Asia.

After a year of the IMF being downbeat their latest World Economic Outlook declared the world recession is drawing to an end. The economy is due to shrink by 1.1 percent in 2009, before growing by 3.1 percent in 2010.