Recession not over yet : IMF Chief

by khalid on 13/09/2009 · 0 comments

IMF chief Strauss-Kahn

IMF chief Strauss-Kahn

Recesion isn’t over yet, despite positive signals from Europe’s biggest economies, this is the recent view of IMF Chief. Germany and France saw some positive growth figures for the last quarter.

As Group of 20 summit is going to be held in Pittsburgh Sept 24-25. IMF Chief hoped the Pittsburgh summit would produce new momentum. He suggests that pay systems in the financial sector need to be reconsidered and action is needed to tighten capital regulations for banks. He also said that more work needs to be done on financial-sector regulation.

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