IMF: World Economy Will Grow Next Year, But Recovery Will Be Slow
The global economy will return to growth starting next year, said deputy director of the International Monetary Fund (IMF), John Lipsky, quoted by Bloomberg.
“Our outlook on the global economy suggests a return to economic expansion in 2010”; said Lipsky. “However, the return will be much more slowly than in previous periods of recession “the IMF official affirmed.
The confidence in the evolution of the world economy climbed to the highest level in the last 19 months, based on the positive signals sent by economists and Central bankers around the world. Economists have pointed out, in last weeks, the appearance of signs of hope on the evolution of the global economy, which has urged investors to return on capital markets, ignoring the latest statistics put under questionable the enthusiasm of analysts.
Officials of international financial institutions have shown more reluctant to declare that the most difficult period of the crisis ended. “What is very clear now is that the current crisis is very far from being finished”; Lipsky said, adding that “the prospects for a return on a large scale of Asian markets also depends a lot on speed at which the economy Global will recover lost ground”.