IMF: Global economy starting to recover from recession

07/8/2009 | Reuters

The International Monetary Fund said recovery from the worst recession since World War II will be sluggish, and governments need to maintain supportive policies. Olivier Blanchard, chief economist at the IMF, said forces hindering the global economy are easing, while forces bolstering the economy remain weak. "This leads us to predict that while the world economy is still in recession, the recovery is coming, but it is likely to be a weak recovery," Blanchard said.

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