|
|
22 Dec 2008
Dominique Strauss-Kahn, head of the International Monetary Fund (IMF), told BBC Radio the outlook for the global economy was worsening, describing 2009 'as really being a bad year'.
He painted a dismal picture, describing the level of Britain's public debt as 'disturbing', but recommending it be increased to finance further fiscal stimulus, The Times reports.
Strauss-Kahn said IMF, which last month reduced its forecast for global economic growth in 2009 from 3% to 2.2%, might go even lower in its January forecast because governments around the world had failed to inject enough money in their economies.
He called for a global stimulus package equal to about 2% of the world's collective GDP, or $1.2tn, which means Britain would need almost £10bn more to stabilise the economy.
Further reading:
You may also like
Search thousands of financial jobs:
£50000 - £65000 per annum + benefits + bonus: Pro-Tax: Excellent Share Schemes role London ...
Search thousands of financial jobs:
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment