IMF: World economy enters ‘dangerous new phase’

WASHINGTON — The world econ­omy has entered a “dan­ger­ous new phase,” accord­ing to the chief econ­o­mist of the Inter­na­tional Mon­e­tary Fund. As a result, the inter­na­tional lend­ing orga­ni­za­tion has sharply down­graded its eco­nomic out­look for the United States and Europe through the end of next year.