The International Monetary Fund scaled back its forecast for U.S. economic growth this year from July's 3.3% to 2.6% and slightly boosted its projection for world economic growth from 4.6% to 4.8%. Global expansion is expected to decline to 4.2% in 2011, while U.S. growth will weaken to 2.3%, marking the biggest downward revision for major economies. Brazil, Russia, India and China will continue to enjoy strong growth as Europe's recovery falls behind that of other regions, the IMF said.

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