Europe may avoid recession this year: IMF

Europe may avoid a recession this year and there were reasons to be more

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upbeat about prospects for the region, the Business Day newspaper quoted International Monetary Fund's Managing Director Christine Lagarde as saying.

"The euro-zone scene has changed massively over the last 18 months or so ... there are reasons to be a little bit more upbeat about the prospects," she told the daily in an interview conducted during a two-day visit to South Africa.

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