IMF: GLOBAL ECONOMY STABLE BUT STILL HIGHLY VULNERABLE

PanARMENIAN.Net
30.11.2009 11:01 GMT+04:00

/PanARMENIAN.Net/ The global economy remains very much in a holding
pattern -stable, and getting better, but still highly vulnerable,
IMF Managing Director Dominique Strauss-Kahn said in London.

Speaking at the annual conference of the Confederation of British
Industry, Strauss-Kahn said the major advanced country areas in
particular remain fragile, still dependent on policy support.

Financial conditions have improved, but are far from normal.

"Signs show confidence returning, but banking systems in many advanced
economies remain undercapitalized, weighed down by leaden legacy
assets and, increasingly, non-performing loans," he said.