IMF observes recovery of world economy
Measures aimed at fighting world crisis should be suspended only in case of steady economic growth and decreased level of unemployment, IMF Managing Director Dominique Strauss-Kahn said during his speech at a Bundesbank conference.
The global economy is emerging from a deep downturn, but the recovery will be sluggish and unwinding stimulus measures too soon could derail an upswing, IMF director finds.
'For these reasons," he believed, "policy makers should err on the side of caution as they decide when to exit from their crisis response policies." Besides, Strauss-Kahn recommended governments to elaborate their plans now, so as to enjoy public support for taking relevant actions when necessary.
IMF director finds coordination of economic policy the most significant component of anti-crisis measures. According to him, coordinated and decisive policy helped restrict crisis impact, IMF press service reports.
The global economy is emerging from a deep downturn, but the recovery will be sluggish and unwinding stimulus measures too soon could derail an upswing, IMF director finds.
'For these reasons," he believed, "policy makers should err on the side of caution as they decide when to exit from their crisis response policies." Besides, Strauss-Kahn recommended governments to elaborate their plans now, so as to enjoy public support for taking relevant actions when necessary.
IMF director finds coordination of economic policy the most significant component of anti-crisis measures. According to him, coordinated and decisive policy helped restrict crisis impact, IMF press service reports.
