Markets News Monday: Global recovery seems stronger, but still fragile says IMF; Global upturn to support recovery of Irish economy says Bank of Ireland
Jan 18th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Markets news on stocks, currencies and commodities, The global economy is recovering significantly faster than previously expected, but growth is still dependent in most advanced economies on government stimulus measures and remains fragile, the Managing Director of the International Monetary Fund (IMF), Dominique Strauss-Kahn, has said. Meanwhile, according to Bank of Ireland’s Quarterly Economic Outlook published today, says the Irish economy is stabilising as GDP fell by only 0.3% in the six months to September in comparison to the unprecedented 7.5% plunge in the six months to March 2009.