ASTANA--The worst of the global economic crisis is not yet over but there are signs that the world has started to crawl out of recession, International Monetary Fund chief Dominique Strauss-Kahn said on Monday.
Finance ministers of the Group of Eight nations agreed over the weekend that the global economy was showing encouraging signs of stabilisation and started to consider how to unwind rescue steps for their economies.
The IMF managing director said on a visit to Kazakhstan that he largely agreed with their position but he appealed for caution in assessing the state of the global economy.
"Their (G8) stance is that we are beginning to see some green shoots but nevertheless we have to be cautious ... The large part of the worst is not yet behind us," he said in opening remarks at talks with Kazakh Prime Minister Karim Masimov.
"We see, at the IMF, a recovery towards the beginning of 2010. 2009 is already done, we know it's a bad year," he added.
"At the global economic level, the growth will be -1.3 (percent) which is the first negative growth since the Depression.
2010 may be better and we expect recovery in the first half of 2010."
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