World is far from overcoming the crisis

April 25, 2009 - 15:34 AMT
PanARMENIAN.Net - There are signs that that the pace of deterioration in economic activity and trade flows has eased, US Treasury Secretary Timothy F. Geithner said after a G7 briefing in Washington. "These are encouraging signs, but it's too early to say that the risks have receded," he said.

Mr. Geithner finds that it is now an imperative to continue the implementation of the program aimed at overcoming the crisis, RIA Novosti reports.

Executive Director of International Monetary Fund (IMF) Dominique Strauss Kahn announced Thursday that the world still has to suffer financial consequences "for several month to come".



Earlier this week, the ICF released a report on global stability issues. The report says that the world economy may experience devaluation of over $ 4 trillion , and two thirds of the allowances will be transferred to the bank sector.
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