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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: IMF chief warns 2009 may be 'even darker' AFP - Monday, December 22 LONDON (AFP) - - The head of the International Monetary Fund (IMF) warned on Sunday that the economic situation could get even worse in 2009 if governments fail to take firm enough action. "Our forecasts are already very dark but they will be even darker if not enough fiscal stimulus is implemented," Dominique Strauss-Kahn told BBC radio. "We see 2009 as really being a bad year, with recession for most advanced economies and growth decreasing for emerging economies." The IMF has called for global fiscal stimulus of about two percent of GDP, equivalent to some 1.2 trillion dollars. He added that he feared recent initiatives, including that announced by the G20 in Washington last month, may not go far enough. "I can see that some measures have been announced, but I'm afraid it won't go far enough," he said. Strauss-Kahn said he understood Germany's "reluctant" attitude to the steps announced by some countries including Britain but added it would be best if all countries act together to "face the recession". "I respect the traditional view of the Germans but nevertheless I think we are at a time when we should be a bit more imaginative than we have been in the past," the French former finance minister said. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: China's Economy Japan reports trade deficit as exports fall fastAFP - 16 minutes ago International finance leaders see 'very dark' year aheadAFP - Monday, December 22 As economy falters, more people giving up petsAP - Monday, December 22 IMF chief warns 2009 may be 'even darker'AFP - Monday, December 22 Related Articles: Business Japan reports trade deficit as exports fall fastAFP - 16 minutes ago Gas down to $1.66 per gal., lowest in some 5 yearsAP - 20 minutes ago Nikkei up 0.2 pct after U.S. autos bailoutReuters - 41 minutes ago China Overseas defers fund unit launch - paperReuters - 47 minutes ago Seoul shares open higher, led by Hyundai MotorReuters - 49 minutes ago Enlarge Photo IMF chief warns 2009 may be 'even darker' Related Photos Slideshow Full Photo Coverage: Business & Economy Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed Global economy seen sinking into 'severe' 2009 recession: report Let poor eat caviar: Milan authorities New Year's hangover? Take two eels and call me in the morning Actress Jennifer Aniston appears naked in GQ magazine Putin warns against any attempt to destabilize Russia View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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