Financial crisis: Worst may be still ahead, says IMF chief
Strauss-Kahn referred to credit growth as a sign that financial activity was beginning to pick up
The worst may yet lie ahead for the world economy in the current financial crisis, the head of the International Monetary Fund warned today.
Speaking during a trip to Kazakhstan, Dominique Strauss-Kahn said he largely agreed with the weekend conclusion of finance ministers from the G8 nations that the global economy was showing signs of stabilising after the worst financial crisis since the 1930s.
“Their (G8) stance is that we are beginning to see some green shoots but nevertheless we have to be cautious,” he said in opening remarks before closed-door talks with the Kazakh prime minister, Karim Masimov. “The large part of the worst is not yet behind us.”
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