The International Monetary Fund (IMF) has declared in its annual report that although the global economy is improving, with growth projections of 2.8 percent this year and 3.4 percent next year, it remains fragile. The report says the global economy is susceptible to collapse if a sudden drop in U.S. corporate earnings occurs, along with a devaluation of the dollar.

The Bank for International Settlements released a report, "Bank Restructuring in Practice," which outlines problematic issues and

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