WASHINGTON (Bloomberg): Executive Director of the IMF Dominique Strauss-Kahn said the world economy will recover next year as long as the government taking the right policy, including improving financial system.
"Growth in 2010 may occur when applied to the right policy. Most important points is cleaned the financial sector, "said Strauss-Kahn in a press meet in Paris yesterday.
IMF based in Washington said at the beginning of this global economy will be weakened 1% this year.
Strauss-Kahn previous reluctance to reveal the concerns over a number of countries provide fiscal stimulus to encourage growth.
"Financial crisis will force countries like China will be more attention to domestic demand and revaluation currency," he said
IMF predicts U.S. economy will decline 2.6% this year, with a 3.2% contraction in the euro area.
Recommends that government agencies G20 to provide fiscal stimulus equivalent 2% of gross domestic product.
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