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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