IMF chief Strauss-Kahn says the global economic recovery is still fragile and supported by public spending. Asian economies are leading the recovery while advanced economies are more sluggish. Policy support should be maintained until the recovery is evident in the private sector. He says we are in the midst of a jobs crisis and the worst is possibly yet to come. Governments should shift some resources to employment, he says.
These comments play into the theme that the major central banks will stay easy for some time to come.
