Report calls global recovery weak, raising concerns about Eurozone deflation and turmoil in emerging markets.

Fund also warns that a U.S. default could seriously damage world economy.

Fund also warns that a U.S. default could seriously damage world economy.

Euro finance ministers to reconvene Monday.

Euro finance ministers to reconvene Monday.

IMF sees banks forced to sell up to $4.5 trln in assets if fiscal crisis isn't stemmed.

IMF sees banks forced to sell up to $4.5 trln in assets if fiscal crisis isn't stemmed.

Fund cuts growth forecasts and cites alarmingly high risk of a steeper slowdown.