Global economy only to recover in 2010: IMF head

• Source: Xinhua
• [11:21 June 09 2009]
• Comments

The global economy will not recover until early 2010, the head of the International Monetary Fund (IMF), Dominique Strauss-Kahn, said Monday.

Growth should resume in the first or second quarter of 2010, he told the opening session of the four-day International Economic Forum of the Americas here.

The IMF has forecast a 2.5 percent contraction of the world economy this year, with a mild rebound of 1.2 percent next year.

Strauss-Kahn said he thought governments around the world had put forward enough stimulus to help steer the economy back to growth.