Friday, October 23, 2009

IMF boss: global recovery may start in 2009

IMF boss: global recovery may start in 2009

Fri Oct 23, 2009 6:19pm IST

OSLO (Reuters) - International Monetary Fund managing director Dominique Strauss-Kahn said a global economic recovery could start this year rather than in the first half of 2010, when the body's present forecasts predict.

"It could begin earlier than in the first half of 2010, in late 2009," Strauss-Kahn said in a speech in the Norwegian capital. He said latest IMF projections show global growth at 3 percent next year after a decline of 1 percent in 2009.