Latest News:  
Beijing   Sunny/Cloudy    7 / -2   City Forecast

People's Daily Online>>World

IMF chief says world economy still in danger zone

(Xinhua)

14:42, February 27, 2012

MEXICO CITY, Feb. 26 (Xinhua) -- Despite the improvement in indicators of global activity, the risks are latent and the world economy is still in "the danger zone," chief of the International Monetary Fund (IMF) Christine Lagarde said here Sunday.

At the conclusion of the meeting of G20 finance ministers and central bank governors, Lagarde told a press conference that the reasons to stay alert is the situation of "fragile financial sector" in the eurozone, the "high level of public debt in most advanced economies" and "high oil prices."

"Growth is still weak in advanced economies and is moderating in some emerging markets, and at the same time, unemployment remains excessively in many economies, particularly in advanced economies," Lagarde said.

The head of the IMF welcomed the outcome of Sunday's meeting of the 20 strongest economies in the world because it is "a step in the right direction" to a sequence of actions to Europe to increase its "firewall" and then wait contributions from the IMF.

The G20 agreed on Sunday in a communique that they will wait for the eurozone to strengthen its "firewall" before providing more resources to the IMF, an issue which would be discussed in April.

The IMF is seeking to raise 500 billion U.S. dollars to cope with the sovereign debt crisis in the eurozone and its possible implications to other regions.

Largarde said the 500 billion dollars is not an obsession, but the result of a thorough and detailed analysis of the world economy.

Email|Print|Comments(Editor:梁军)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. 84th Annual Academy Awards winners

  2. Spring sacrificing ceremony held in Taipei

  3. Steel output of Baogang Group rises in 2011

  4. Brazilian war against drugs

Most Popular

Opinions

  1. Chinese people's feelings cannot be hurt
  2. US far from being model of social wealth distribution
  3. China will run short of 25 kinds of minerals by 2020
  4. Fish out the loan sharks
  5. American-style democracy unsuitable for Iraq
  6. Finding out truth crucial to resolving Syrian crisis
  7. Deposit reserve ratio cut does not mean policy shift
  8. Is West genuinely trying to 'save' Syria?
  9. China's Linsanity
  10. Ancient technology education program launched

What's happening in China

Path to stardom starts with an exam

  1. Toilet occupation group is flushed with success
  2. Growers held after safety scare over bean sprouts
  3. Worsening garbage crisis set to bring higher fees
  4. University's talking robot silenced by bad language
  5. Some buyers jump in for fear of missing bottom

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai