Recovery is underway after worst global recession since World War II: IMF MD Georgieva
India TV NewsA day after the International Monetary Fund forecast a global growth of six per cent for this year, IMF Managing Director Christine Georgieva has said that after the worst global recession since the Second World War, the recovery is underway. After the worst global recession since the Second World War, the recovery is underway. Responding to a question, Georgieva said after the global financial crisis, the most important lesson the world learned was that we needed to boost the resilience of the banking system. "A more comprehensive resilience of the economy even going back to the global financial crisis, now we recognise that we worked on the banking system but not on the non-banking financial institutions, and we are seeing that we have to expand this resilience building more broadly towards them as well," she said.
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