IMF head: Global economy only to recover in 2010

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MONTREAL, Canada, June 8 (Xinhua) -- 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.

Dominique Strauss-Kahn,Managing Director,International Monetary Fund (IMF),speaks at the International Economic Forum of the Americas conference in Montreal, June 8, 2009.REUTERS/Christinne Muschi