IMF chief sees global recovery in 1st half of 2010

The global economy should recover from recession in the first half of 2010, but it will take time for unemployment levels to decline, International Monetary Fund Managing Director Dominique Strauss-Kahn said.

In a transcript of an interview conducted by an IMF staffer which was published on Friday, Strauss-Kahn said recovery could happen even sooner, citing what he described as good recent economic figures.

"But if we have in mind that the global economy will only fully recover when unemployment goes down, then it will take more time. Because as everybody knows, there is some delay between the time when growth comes back and the time when the employment situation improves," he said.

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- Posted: 2009-09-18 13:41:08

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