Global economy to recovery in early 2010: IMF chief.The head of the International Monetary Fund (IMF IMFSee: International Monetary Fund IMF See International Monetary Fund (IMF). ) predicted on Friday that the global economy recover early next year but said the financial system would still need to be monitored closely after that. "We expect to get out of the crisis early in 2010, especially if a clean-up of certain segments of the financial system is carried out," IMF Managing Director Dominique Strauss-Kahn Dominique Strauss-Kahn (born 25 April 1949 in Neuilly-sur-Seine; often referred to as DSK) is a French economist, lawyer, and politician, member of the social-democrat Socialist Party (PS). told a conference in Morocco, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Reuters. "But we should not forget the task of continuing to monitor the global system once we emerge from the crisis," he added. The U.S. economy shrank shrank v. A past tense of shrink. shrank Verb a past tense of shrink shrank shrink less than expected, according to a government report released Friday. The Gross Domestic Product fell 5.7 percent instead of a forecast of 6.1 percent decline. a[euro]oeThe return to growth does not mean the end of the consequences of the crisis,a[euro] he said. |
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