Monday, April 5, 2010

IMF Chief: It's a Government Manipulated Recovery

International Monetary Fund head Dominique Strauss-Kahn said on Sunday the world economy was not "out of the woods" despite a faster recovery in developing and emerging countries than earlier forecast, reports Reuters.

"You see growth resuming almost everywhere but that almost everywhere these growth figures are related to public support and private demand remaining rather weak and not strong enough.

Until private demand is sustainable to provide growth it will be difficult to say the crisis is over," he added.

Strauss-Kahn said that although a double dip could not be ruled out, the IMF did not forecast one.

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