IMF Chief Does Not See Double-Dip U.S. Recession |
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November 13, 2009
The head of the International Monetary Fund said on Friday the pace of the recovery in the U.S. economy remains sluggish but he does not believe there will be a double-dip recession.
The head of the International Monetary Fund said on Friday the pace of the recovery in the U.S. economy remains sluggish but he does not believe there will be a double-dip recession.
IMF managing director Dominique Strauss-Kahn said that capital flows to emerging markets reflected the positive outlook for those economies but warned that they can destabilize currencies and asset prices.
He noted China's economic stimulus is helping to rebalance its economy toward relying more on domestic demand but it still needs to let its currency rise over time.
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