World likely to emerge in early 2010: IMF chief
The head of the International Monetary Fund on Friday expressed that the global economy is likely to emerge out of the current fiscal crisis early next year. The global recession worldwide, known as the worst since The Great Depression of the early 1930s, has so far hit almost all the sectors of the market, brought down the consumer demands and has had a subsequent slump in production as well.
However, the body said that even after the revival, world financial systems must be monitored closely.
Speaking to a conference in Morocco, IMF Managing Director Dominique Strauss-Kahn said, “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.”
He further added, “We should not forget the task of continuing to monitor the global system once we emerge from the crisis.”
