The IMF predicts the worst of the crisis is over

The global economy could turn around this October or November, but the recovery is still dependent on a variety of factors, and it could be another year before the recovery can take hold, said International Monetary Fund chief Dominique Strauss-Kahn 15th. At a news conference in Vienna, he said the worst of the international economic crisis could be over, as international agencies and central banks now have a clear understanding of the risks facing the economy.　　But Mr Strauss-Kahn said the global economy still had many risks. He warned that the global economic recovery was premised on the liquidation of the financial sector's balance sheets. Mr. Strauss-Kahn said the IMF could reach a new deal to assist Eastern European countries in the next few months, but he did not elaborate on the content. In addition, he said, regulators around the world need to step up efforts to overhaul the global financial system. It is a big step forward for countries to adopt a consistent monetary and financial policy against the global recession, but this has not been done in terms of financial regulation. (Huang)