The economy is growing but the crisis is not over, as unemployment is likely to continue rising for the next 10 to 11 months in developed countries and in some of the developing ones, Dominique Strauss-Kahn, managing director of the IMF, told CNBC Thursday.
"I think that recovery is coming back, even so the crisis is not over," Strauss-Kahn told "Worldwide Exchange."
"You have to keep in mind that there is always a long delay between growth resuming on one hand and a peak in unemployment on the other hand," he added. "It's difficult to say that the crisis is over when you have unemployment rising."
The crisis has provided a good opportunity for a rebalancing of the world economy, which must not be wasted, according to Strauss-Kahn.