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  5. IMF says it now expects global growth to slow from last year's 3.4% to 2.9% this year, a 0.2 percentage-point improvement from its Oct. forecast. A big reason is China, whose recent emergence from Covid lockdowns "paves the way for a rapid rebound in activity," says IMF, which is now predicting 5.2% growth in China's economy this year, notably higher than last estimate; China clocked just 3% growth last year, one of its worst performances in decades.

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