Monday, January 18, 2010

IMF: RISK OF GLOBAL DOUBLE-DIP

REUTERS:

Developed countries may slip back into recession if they abandon strategies deployed to battle the global financial crisis too early, the head of the International Monetary Fund warned on Monday.

Recovery in private demand and employment are necessary conditions for governments to begin unwinding policies designed to support their economies, though the right timing depends on specific conditions in each nation, Dominique Strauss-Kahn said.

"Recovery in advanced economies has been sluggish," he told reporters in Tokyo. "We have to be cautious because the recovery has been fragile."

BECAUSE THEY WILL STOP OBAMA'S LURCH INTO SOCIALISM, SCOTT BROWN'S ELECTION AND THE COMING GOP TAKEOVER OF CONGRESS MIGHT PREVENT THIS.

(ASIDE: STRAUSS-KAHN IS A CORRUPT LEFTOCRAT, LIKE OBAMA.)

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