TOKYO - The head of the IMF says China and other developing Asian economies are leading a global recovery that is faster and stronger than expected, but warned that money rushing into emerging markets could lead to asset bubbles.
Dominique Strauss-Kahn, the managing director of the International Monetary Fund, also said Monday that "we have to very cautious because this recovery remains very fragile."
While vast spending by governments around the world avoided another Great Depression, the most important risk facing the global economy is deciding how and when to reverse those polices and deal with resulting debt burdens, he told reporters in Tokyo.
Strauss-Kahn also strongly suggested the IMF would raise its global growth forecast for 2010 from the 3.1 per cent it projected in October.
IMF chief says global economy recovering but warns about money rushing into emerging markets
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Published on
January 18, 2010
- Published on February 25, 2010
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The Associated Press ~ staff The News
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