The IMF trimmed its forecast for the downturn in Europe's economy this year to 0.3% from 0.5%

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The IMF trimmed its forecast for the downturn in Europe's economy this year to 0.3% from 0.5%

Oivier Vin

A man carries a bottle and fake euro bank notes at a pro-austerity rally in Brussels earlier this month. Eurozone recession this year will be milder than forecast, the IMF says, raising its outlook for recovery next year but warning of new risks notably over Spain.