IMF’s Lipsky on the Wires
Written June 25, 2009 at 6:27 AM EST by Danish FX
IMF’s Lipsky: Confidence seems to be recovering, IMF likely to revise projections slightly upwards, particularly for 2010
- Still uncertainty about pace and timing of recovery
- Recovery still likely to be sluggish
- Risk of wide spread financial collapse has declined
- Recovery could be stronger than current expectations
- Adds that coherent exit strategies should be ready
- Remaining fiscal space is quite limited across the world
- Building up large currency reserves could undermin the economic recovery
- Recovery still likely to be sluggish
- Risk of wide spread financial collapse has declined
- Recovery could be stronger than current expectations
- Adds that coherent exit strategies should be ready
- Remaining fiscal space is quite limited across the world
- Building up large currency reserves could undermin the economic recovery
***Reminder: On Jun 19th Lipsky stated that the IMF planned to modestly raise its 2010 growth forecast for global economy and this mirrored G8 sources that IMF 2010 global growth forecasts could be raised to +2.4% from the +1.9% prior view made back in April.
Categories: Forex News | Tags: IMF
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