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World Money Chief Calls for Global Action

IMF head foresees widespread slowdown, backs US stimulus

By Jim O'Neill, Newser User

Posted Jan 28, 2008 10:55 AM CST

(Newser) – With a global recession looming, the head of the IMF has warned bankers meeting in Davos, Switzerland, that lower interest rates alone won’t avert a crisis, the Financial Times reports. Dominique Strauss-Kahn called on governments to follow the US in easing fiscal policies, reversing... Read full story »

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World Money Chief Calls for Global Action

IMF head foresees widespread slowdown, backs US stimulus

International Monetary Fund • recession • IMF • John Thain • Dominique Strauss Kahn • Davos • Larry Summers • subprime crisis • consumer loan markets • interest rate cut

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More Newser Stories

Jobless 'Wasteland': Europe, US on Brink of Social Revolt

Recession left 'gaping wounds' says IMF head

IMF: Global Recession Is Over

World economy is growing, but recovery will be slow

Strauss-Kahn Cheered on Return to IMF

Former IMF chief pays staffers farewell visit

IMF Has Many Ethics Rules ... for the Little Guys Only

Guidelines really don't apply to top brass

DSK's Likely Successor Is His Antithesis

Christine Lagarde would signal a new era at the IMF

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