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07-08-2010, 02:05 PM
http://translate.google.com/translate?hl=en&sl=ar&tl=en&u=http%3A%2F%2Fwww.unmultimedia.org%2Farabic%2Frad io%2Fdetail%2F43364.htmlWorld recovery continues but risks increase: IMF



08/07/2010 08/07/2010


World growth is forecast to rise to 4 percent this year, before falling somewhat to 4 percent in 2011--with the world average masking large differences around the globe. World growth is forecast to rise to 4 percent this year, before falling somewhat to 4 percent in 2011 - with the world average masking large differences around the globe.
http://downloads.unmultimedia.org/cms/radio/content/uploads/2010/07/full/o-blanchard.jpg (http://downloads.unmultimedia.org/cms/radio/content/uploads/2010/07/full/o-blanchard.jpg)

IMF's chief economist IMF's chief economist


So says the International Monetary Fund ( IMF (http://translate.googleusercontent.com/translate_c?hl=en&sl=ar&tl=en&u=http://www.imf.org/&rurl=translate.google.com&twu=1&usg=ALkJrhgsSi0Ov0vBz7UdlcqZFH62Jqy2rg) ) in its latest forecast when balancing the strong growth numbers for the first half of 2010 and the adverse impact of increased financial turbulence. So says the International Monetary Fund ( IMF (http://translate.googleusercontent.com/translate_c?hl=en&sl=ar&tl=en&u=http://www.imf.org/&rurl=translate.google.com&twu=1&usg=ALkJrhgsSi0Ov0vBz7UdlcqZFH62Jqy2rg) ) in its latest forecast when balancing the strong growth numbers for the first half of two thousand and ten and the adverse impact of increased financial turbulence.

But despite the stronger than expected first half recovery, the IMF warns that uncertainties surrounding sovereign and financial sectors in parts of the euro area could spread more widely, posing difficulties for both financial stability and the economic outlook. But despite the stronger than expected first half recovery, the IMF warns that uncertainties surrounding sovereign and financial sectors in parts of the euro area could spread more widely, posing difficulties for both financial stability and the economic outlook.

IMF's chief economist Olivier Blanchard told reporters that there was not much revision to its earlier forecast, rather only the forecast for 2010 has seen a small increase: IMF's chief economist Olivier Blanchard told reporters that there was not much revision to its earlier forecast, rather only the forecast for 2010 has seen a small increase:

"Behind this are two forces: the first one is if you look at the numbers in the last three months about activity, the have been rather good and better than we expected so this would lead us to revise forecast even more. But at the same time, there are clouds: the European tensions on the fiscal side and the solvency of banks are creating uncertainties increasing risk aversion and with decreased bank lending so the net effect is a small revision." "Behind this are two forces: the first one is if you look at the numbers in the last three months about activity, the have been rather good and better than we expected so this would lead us to revise forecast even more. But at the same time, there are clouds: the European tensions on the fiscal side and the solvency of banks are creating uncertainties increasing risk aversion and with decreased bank lending so the net effect is a small revision. "

Blanchard says while the IMF predicts the recovery will continue, "it is clear that downside risks have risen sharply." Blanchard says while the IMF predicts the recovery will continue, "it is clear that downside risks have risen sharply."

This is Donn Bobb reporting for United Nations Radio. This is Donn Bobb reporting for United Nations Radio.

Duration: 1'23" Duration: 1'23 "


Sound bites Sound bites



Olivier Blanchard, IMF's chief economist Olivier Blanchard, IMF's chief economist



"Behind this are two forces: the first one is if you look at the numbers in the last three months about activity, the have been rather good and better than we expected so this would lead us to revise forecast even more. But at the same time, there are clouds: the European tensions on the fiscal side and the solvency of banks are creating uncertainties increasing risk aversion and with decreased bank lending so the net effect is a small revision." "Behind this are two forces: the first one is if you look at the numbers in the last three months about activity, the have been rather good and better than we expected so this would lead us to revise forecast even more. But at the same time, there are clouds: the European tensions on the fiscal side and the solvency of banks are creating uncertainties increasing risk aversion and with decreased bank lending so the net effect is a small revision. "