Sluggish recovery to linger into 2011 – IMF’s Lipsky


Reuters | Sep 28, 2010 | 7:11pm IST

John Lipsky, IMF 1st Dep Director The slowdown in the global economic recovery is likely to persist into early 2011 and growth is set to fall short of IMF forecasts for the second half of this year, a senior IMF official said in a speech published on Tuesday.

"The global expansion likely will fall somewhat short of the 3.7 percent annual rate that we had anticipated previously for the second half of this year," IMF First Deputy Managing Director John Lipsky told the Depository Trust and Clearance Corporation Executive Forum on Monday.

Global growth reached an annual rate of 4.7 percent in the first half of the year, he said.

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