Discounting the likelihood of U.S. default and noting recovery in the eurozone, leading finance officials in Germany said the greater share of risk to global growth is now falling on emerging markets. "We're no longer the main worry for the world economy, at least not in the short run. Risks have shifted somewhat in the direction of emerging countries, where growth has slowed," said German Finance Minister Wolfgang Schaeuble after the International Monetary Fund meeting in Washington.

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