World Bank's Malpass: risk of U.S. default adds to woes facing slowing global economy

World Bank's Malpass: risk of U.S. default adds to woes facing slowing global economy

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The risk of a U.S. payments default is adding to problems facing a slowing global economy, with rising interest rates and high debt levels already choking back investments needed to fuel greater output, World Bank President David Malpass said on Friday.

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