Sunday, January 17, 2010

Global economy recovering significantly: IMF


WASHINGTON, Jan 16(IANS): Led by emerging market economies, especially in Asia, the global economy is recovering significantly faster than previously expected, but growth is still dependent in most advanced economies on government stimulus measures, the IMF has said.

Growth remains fragile in most advanced economies as recovery was still sluggish, with private demand weak and joblessness continuing to rise, International Monetary Fund Managing Director Dominique Strauss-Kahn told reporters Friday.

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