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World economy should continues to follow revival path: IMF chief

2010-03-30 10:45 BJT

WARSAW, March 29 (Xinhua) -- The world economy should continue to follow a revival path this year, Managing Director of the International Monetary Fund (IMF) Dominique Strauss-Kahn said in Warsaw on Monday.

"It will be clearly visible in the U.S. where the economy should accelerate quite soon. But in Europe the revival will be rather slow," Strauss-Kahn said in a lecture at the Warsaw School of Economics.

"I am convinced that the economic growth in the U.S. will be very dynamic this year," Strauss-Kahn said and added that the situation in Europe looked worse.

Speaking about Greece, Strauss-Kahn said that "IMF was ready to help Greece as with any of our members if Greece asked for this assistance. But it is possible that Greece will not need outside help," he stressed.

"I hope that Greece will not ask for such assistance as it will not need it. I hope that the EU strategy for Greece works," said Strauss-Kahn, who is paying a one-day visit here.

Under a compromise brokered by euro co-founders Germany and France last Thursday, Greece would qualify for assistance only if it were unable to borrow on the markets and it would take a unanimous euro zone decision to trigger a rescue.

Strauss-Kahn also praises Poland for response to economic crisis. "Poland has had a commendable response to the global financial crisis and has managed to avoid a recession thanks to good policies and strong institutions," Strauss-Kahn said.

"Sound macroeconomic and financial management enabled Poland to emerge from the crisis unscathed," he said.

Strauss-Kahn noted Poland was the only economy in the European Union to register economic growth in 2009. This demonstrated that "good policies and strong institutions matter," he said.

Editor: Du Xiaodan | Source: Xinhua