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Global economy still fragile: IMF

The head of the International Monetary Fund (IMF) has warned that the global economy is still in a highly fragile state following the financial crisis, and could face further turmoil in the months ahead.

Dominique Strauss-Kahn, managing director of the IMF, told business leaders at the Confederation of British Industry’s annual conference in London that while financial conditions have improved, they are still far from normal.

”Signs show confidence returning, but banking systems in many advanced economies remain undercapitalised, weighed,” he said.

“On the household side, weak financial positions and high unemployment will damp down on consumption,” he added.

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Jessica Stanic

Jessica Stanic

Jessica has a background in both marketing and journalism and is dedicated to making the website the leading online resource for small to medium businesses with ambitions to grow.

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