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Monday, January 31, 2011

IMF chief warns imbalances dangerous for recovery

AFPSINGAPORE — Widening imbalances across and within countries are sparking tensions which threaten to derail the fragile global economic recovery, the IMF chief said Tuesday.Dominique Strauss-Kahn, managing director of the International Monetary Fund, warned that these tensions could lead to rising protectionism, social and political instability and even spark war."While the recovery is underway