Jan. 14, 2010, 11:38 a.m. EST · Recommend · Post:
Global economy stronger but fragile: IMF chief
WASHINGTON (MarketWatch) -- The global economic outlook has improved going into 2010 but activity remains fragile and the crisis is not over, said Dominique Strauss-Kahn, the managing director of the International Monetary Fund on Thursday. The IMF will revise up its estimates for global growth in 2010, he said at a press conference. But growth is still too reliant on government spending, he noted. Unemployment is rising and more job losses could be in train, Strauss-Kahn said. The rebound in the world's biggest economies will likely lag behind the developing economies, Strauss-Kahn said. Growth in Europe looks "reasonable" in 2010, he said.
Global economy stronger but fragile: IMF chief
WASHINGTON (MarketWatch) -- The global economic outlook has improved going into 2010 but activity remains fragile and the crisis is not over, said Dominique Strauss-Kahn, the managing director of the International Monetary Fund on Thursday. The IMF will revise up its estimates for global growth in 2010, he said at a press conference. But growth is still too reliant on government spending, he noted. Unemployment is rising and more job losses could be in train, Strauss-Kahn said. The rebound in the world's biggest economies will likely lag behind the developing economies, Strauss-Kahn said. Growth in Europe looks "reasonable" in 2010, he said.