Business | Economy
IMF chief worried about lack of fiscal stimulus
If global governments do not provide sufficient financial backing, the current economic situation may deteriorate further in 2009, the International Monetary Fund chief Dominique Strauss-Kahn said in an interview released on Sunday.
- Agencies
- Published: 12:54 December 21, 2008
London: If global governments do not provide sufficient financial backing, the current economic situation may deteriorate further in 2009, the International Monetary Fund chief Dominique Strauss-Kahn said in an interview released on Sunday.
Speaking to BBC radio, Strauss-Kahn said he feared steps taken so far will not be enough to tackle the economic downturn.
"I'm specially concerned by the fact that our forecast, already very dark ... will be even darker if not enough fiscal stimulus is implemented," he said in an interview.
Strauss-Kahn said IMF may need to cut its next economic growth forecasts, due in January, referring to "2009 as really being a bad year".
He added that a stimulus of about $1.2 trillion was needed to make a real difference.
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