IMF head says worst of recession over
The worst of the global recession is over and the risk of a "double-dip" recession has faded, the head of the International Monetary Fund (IMF) Dominique Strauss-Kahn was quoted as saying on Wednesday.
"The worst of the recession is over, but a gradual recovery lies ahead," Strauss-Kahn, the IMF's managing director, was quoted as saying in an interview with Poland's Polityka weekly.
"Our baseline forecast does not envisage a double-dip recession. The global economy will continue picking up steam in the remainder of this year and in 2010," Strauss-Kahn said.