The global economic recovery is near and may be stronger than once thought, but it is too soon to remove policy supports, a spokeswoman for the International Monetary Fund said on Thursday.
"We do believe the recovery is in sight and is going perhaps to be a little better than we had at one time thought, but we expect a rather muted recovery," Caroline Atkinson, director of external relations at the IMF, told a news conference.
"It is very important to stress that it's no time for complacency," she said. "There are still vulnerabilities and policy support that has been very important in lessening the severity of the recession remains important."
Atkinson said IMF Managing Director Dominique Strauss-Kahn planned to give a speech in Berlin on Sept. 4, where he will lay out his key messages for finance ministers from the Group of 20 rich and developing nations, who are meeting in London on Sept. 4 and 5.
Strauss-Kahn will then head to London for the G20 meetings.
Aug 27, 2009 8:17pm IST
1 comment:
A slow recovery.
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