No double-dip for global economy: IMF chief
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Share By Greg Robb
WASHINGTON (MarketWatch) -- The best guess of experts at the International Monetary Fund is that the global economic recovery will continue in an uneven fashion, said Dominique Strauss-Kahn, the head of the IMF on Tuesday. "The recovery will go on without a double-dip," Strauss-Kahn said in a question-and-answer session following a speech at the Peterson Institute for International Economics. Strauss-Kahn said there were certainly downside risks facing the recovery and many possible triggers of a downturn, but the baseline IMF forecast saw sustained growth. Strauss-Kahn defended the G-20's emphasis at its summit in Toronto on deficit reduction, saying that every country must tighten its belt at some point. Strauss-Kahn said the risk that a weaker euro would lead to large European trade surpluses was not a big threat to the global economy.
