Wednesday, September 16, 2009

Asian economies recovered faster than the other

Asian countries are ahead of the rest of the world on the path to economic recovery.

Said head of the International Monetary Fund Managing Director Dominique Strauss-Kahn, reports Reuters.

This rate of progress remains very slow, he said.

Strauss-Kahn also said that the IMF does not expect a second wave of the crisis. According to him, the world economy will pick up speed until the end of this year and in 2010, however, unemployment is likely to continue to grow in the future, he warned.



The head of the IMF does not see the risk of hyperinflation as a result of government incentives, and called for tighter market regulation.

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