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IMF predicts global economy to recover in 2010

IMF chief Dominique Strauss-Kahn said he believes the global economy will recover in the first half of next year.

In a news conference in the Austria over the weekend, Strauss-Kahn predicted we will see a recovery in the “first semester of 2010, and the beginning of the turning point in October, November or December this year.”

He said the recovery will depend on the banking sector, and that there will be no upturn if the bank’s balance sheets aren’t fixed.

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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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