As part of the release of its October World Economic Report at the fund's semiannual meetings, the fund forecast global growth to be 3.1 percent this year, rising to 3.4 percent in 2017.

"It is vitally important to defend the prospects for increasing trade integration," said the fund's chief economist, Maurice Obstfeld. "Turning back the clock on trade can only deepen and prolong the world economy's current doldrums."

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