IMF head says global growth still largely driven by government stimulus measures; Double-dip not forecast but “it may happen”
Jan 19th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The global economy is recovering from the international financial crisis faster than expected, but IMF Managing Director Dominique Strauss-Kahn warned on Monday that growth was still largely driven by government stimulus measures and countries risked a return to recession if anti-crisis measures are withdrawn too soon. "Our forecast at the IMF is not for a double-dip, but you never know, it may happen, and especially it may happen if countries exit too early," Strauss-Kahn said.