Monday, December 20, 2010

IMF President: Global economic crisis the next one should be alert to.

<P> Is South Africa's visit to the International Monetary Fund (IMF), 9 Kahn, president said here, even though the global economy emerging from a financial crisis on the haze is gradually recovering, but still need to respond to the next one .prepare for the economic crisis. .</ P> <P> Kahn University Business School in Johannesburg, said in a speech to the students, economic recovery is easy for countries to relax their vigilance, the lack of joint driving force to combat the crisis, making the tight regulation of slowing the pace of reform, financial market supervision .inadequate. .</ P> <P> He said: "When we face a crisis, it is easy to agree, but once the crisis lifted, a consensus gradually disappears." He said he can not predict the next outbreak of the crisis time, " .People should be prepared. " .</ P> <P> International Monetary Fund in its latest world economic outlook released report predicts that global economic growth will reach 3.1% by 2010 or so, but the unemployment rate will continue to grow. .</ P> <P> Kahn said the current global context of the economic stimulus package really can help countries to effectively shift the economic crisis. .However, focus on economic growth, the country this year, through appropriate economic policies to create more employment opportunities, especially in small and medium business sector. .</ P> <P> in the financial markets, Kahn says the policy should be strengthened regulation and supervision, also play central banks, accounting firms and other relevant international body, set clear standards and policies of financial regulation and effective supervision of financial .market. .</ P>.

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