Top
New York  London  GMT  Tokyo  Sydney 

Strauss-Kahn sees autumn as turning point for global economy

By   || June 8, 2009 at 13:34 GMT
|| 0 comments || Add comment

IMF managing director Strauss-Kahn says that the turning point for the global economy will come in September/October of this year. An early-2010 recovery is the most likely scenario, he says. Banks must rid themselves of toxic assets, he says. Failure to do so could endanger the recovery.

Update: Perhaps the most important comment from Strauss-Kahn was this, according to Reuters: The post-crisis problem will be to unwind fiscal deficits and for governments to return to a private-sector focus. Amen to that…

EUR/USD continues its recovery from early 1.3803 lows, trading now at 1.3882. Offers remain at 1.3900 and 1.3925, traders report.

Share and Enjoy:
  • RSS
  • Facebook
  • Twitter
  • LinkedIn
  • email
  • Print
  • Add to favorites
  • del.icio.us
  • Digg
  • NewsVine
  • StumbleUpon

Add a comment

Comments are closed.

Bottom