Sunday 31 May 2009

Business Spectator - World to emerge from crisis in early 2010, IMF chief

A confirmation on timing from IMF:

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," IMF managing director Dominique Strauss-Kahn told a conference in Morocco.

Speaking later in a panel discussion, Mr Strauss-Kahn said signs that the effects weighing down the global economy were easing would become clearer in September and October this year, with growth returning early in 2010.

As suggested elsewhere, markets tend to bottom-out six to nine months before the real economy.

Business Spectator - World to emerge from crisis in early 2010, IMF chief

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