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IMF Observes Recovery Of World Economy

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  • IMF Observes Recovery Of World Economy

    IMF OBSERVES RECOVERY OF WORLD ECONOMY

    PanARMENIAN.Net
    07.09.2009 12:55 GMT+04:00

    /PanARMENIAN.Net/ Measures aimed at fighting world crisis should be
    suspended only in case of steady economic growth and decreased level
    of unemployment, IMF Managing Director Dominique Strauss-Kahn said
    during his speech at a Bundesbank conference.

    The global economy is emerging from a deep downturn, but the recovery
    will be sluggish and unwinding stimulus measures too soon could derail
    an upswing, IMF director finds.

    'For these reasons," he believed, "policy makers should err on the
    side of caution as they decide when to exit from their crisis response
    policies." Besides, Strauss-Kahn recommended governments to elaborate
    their plans now, so as to enjoy public support for taking relevant
    actions when necessary.

    IMF director finds coordination of economic policy the most
    significant component of anti-crisis measures. According to him,
    coordinated and decisive policy helped restrict crisis impact, IMF
    press service reports..
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