IMF Chief Economist: Not enough economic signs to ensure a strong recovery, sees risks to downside

IMF Chief Economist Oliver Blanchard feels the global economic recovery is unlikely to be very strong and there are risks to the downside.

Mr Blanchard opined “We are going to get steady improvement in net exports in the US, some limited adjustment in Asia, some retrenchment of public spending but not enough at this stage to basically ensure a very strong recovery and clearly there are risks on the downside.”