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December 17 2012, 10:22AM

IMF chief Christine Lagarde has upwardly revised the Fund's estimate of economic growth among developed nations, which she says will increase by 1.6 per cent next year, up from an earlier estimated of 1.5 per cent.

She told Chile's La Tercera newspaper on Sunday that developing countries should grow by 5.6 per cent, while the global economy is expected to expand by 3.6 per cent.

"So 2013 will be a little better than 2012," the Chilean daily quotes her as saying.

Lagarde was in Chile Thursday and Friday for a visit that included a meeting with Chile's President Sebastian Pinera.

She also took part in a meeting of the Community of Latin American and Caribbean States.