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IMF: Tax hikes need not harm growth

The IMF says some rich countries could raise top income tax rates without harming their economies.

Immediate risks to global finance have declined, but longer-term problems are building, says the IMF.

The forecast for the global economy is increased but the UK's remains unchanged.

The International Monetary Fund has warned that China's credit growth is on a "dangerous trajectory".

Lower activity in the first quarter of 2017 means both are set to underperform the global economy.

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