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Monday, November 23, 2009
IMF Chief: Too Soon For 'general' Stimulus Exit
By William L. Watts
MarketWatch Pulse
LONDON -- The global economy has stabilized but remains highly vulnerable, making it too early for a "general exit" from massive stimulus measures put in place by governments and central banks in response to the financial crisis and economic downturn, International Monetary Fund Managing Director Dominique Strauss-Kahn said Monday in a speech in London. "Exit should instead await a sustained recovery in private demand, as well as entrenched financial stability -- a key litmus test," he told the Confederation of British Industry's annual conference. "We recommend erring on the side of caution, as exiting too early is costlier than exiting too late."
Copyright © 2009 MarketWatch, Inc.
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