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Growth slowing but no risk of double-dip recession: IMF

16-Sep-2010 11:40 AM

International Monetary Fund stated the growth trajectory of the global economy has slowed, but does not face the risk of a double dip recession (China Daily, 15-Sep-2010).

International Monetary Fund: "At this stage, we don't see the particular risk we call a double dip that everyone is talking about. It [the global economy] is still recovering … We saw global exports slow down; so also is the case with industrial production and the purchasing managers' index," Zhu Min, Special Advisor to the Managing Director. Source: China Daily, 15-Sep-2010.