男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

   

IMF chief expects no global recovery before 2009

(China Daily)
Updated: 2008-05-15 07:42

The International Monetary Fund (IMF) does not expect the global economy to recover before 2009 even though a "large part" of the financial crisis may be over, its chief Dominique Strauss-Kahn said yesterday.

"It's too early to know if the financial crisis is really behind us," Strauss-Kahn told a conference in Jerusalem to mark 60 years since the founding of Israel in 1948. "Probably a large part of the financial crisis is behind us, but it is difficult to know if everything is behind us," he said during a session on the global economy. "How long will the slowdown last? I don't see a recovery before 2009," he said.

Strauss-Kahn noted that robust emerging markets, such as China, India and Brazil, were underpinning the global economy, despite a crisis that started in the US subprime mortgage sector - a problem he said persisted.

Rising oil, commodity and food prices also remained a drag on the global economy, he said.

European equity markets firmed and the dollar rose broadly yesterday as worries about US economic growth eased on the back of better-than-expected US retail sales data and attention turned to inflationary pressures.

But Goldman Sachs senior global strategist Abby Joseph Cohen, also speaking at the conference, echoed Strauss-Kahn's caution, saying "the pain is not over" for the US economy.

However, Joseph Cohen said she expected the world's biggest economy to stabilize in the second half and to register growth in 2009.

"Over the next few months economic data in the United States will show signs of stability, and we think that in 2009 we will have a year of economic growth," she said.

"It won't be 4 percent, but there will be a plus sign in front of it."

Joseph Cohen said predicting the impact on financial markets was a tougher task. She said there were signs market volatility had eased, the global appetite for risk was starting to recover and US equity and corporate bond markets were behaving "more normally".

"We do believe things are in the process of improving..." she said.

"Some lenders have come back into market, some equity investors are coming back into the market, and some banks are starting to lend."



Top World News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
主站蜘蛛池模板: 衡水市| 儋州市| 陆川县| 青海省| 余干县| 石屏县| 红原县| 绥中县| 栾川县| 凉山| 蓝山县| 城固县| 中超| 吉林省| 鄂尔多斯市| 咸宁市| 古蔺县| 盐源县| 锦屏县| 钦州市| 崇左市| 南川市| 济宁市| 都昌县| 南通市| 唐山市| 博湖县| 武义县| 徐州市| 广宗县| 衡东县| 金华市| 涞水县| 贵溪市| 加查县| 英德市| 历史| 济南市| 黄陵县| 兴国县| 白玉县|