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IMF head: Global economy only to recover in 2010
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The global economy will not recover until early 2010, the head of the International Monetary Fund (IMF), Dominique Strauss-Kahn, said Monday.

Growth should resume in the first or second quarter of 2010, he told the opening session of the four-day International Economic Forum of the Americas here.

The IMF has forecast a 2.5 percent contraction of the world economy this year, with a mild rebound of 1.2 percent next year.

Strauss-Kahn said he thought governments around the world had put forward enough stimulus to help steer the economy back to growth.

(Xinhua News Agency June 9, 2009)

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