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WASHINGTON (AP) - The global economy is still on track for healthy growth despite the adverse impact on U.S. business prospects of a housing slump and skittishness about risky mortgages, the head of the International Monetary Fund said Friday.
IMF chief Rodrigo de Rato said the international lending institution expects worldwide economic growth for all of this year to clock in at close to 5 percent.
"This would be the strongest five-year span for the global economy since the late 1960s," he said in prepared remarks to the University of Pennsylvania's Wharton School in Philadelphia.
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