- Credit Markets on Edge About When Fed Will Raise Rates
- Bove: Expect Goldman To Increase Dividend Meaningfully
- Bullish Sign for Gold: Central Banks Are Big Buyers
- Victoria's Secret Hopes to Rekindle Desire for Lingerie
- High Roller Sues Harrah's for Lost Millions
- Wall Street Jobs Slow to Return Despite Record Profits
- Big Shareholders Ask Goldman to Cut Bonuses: Report
- Buying an Expensive House? Government Can Help
- Review: What It's Like to Drive the New Chevy Volt
- How Stock Investors Can Play Holiday Travel
- Time Lapse World Series Is A Great Play
- Hirschhorn: Greed...or Fear
- My Top 10 Tech Toys for the Holidays
- iPhone a Better Gaming Platform Than Android?
- May Day For Dendreon
- 100% Mortgage Financing From USDA
- Holiday Tipping: Who And How Much
- Deep Discounts Should Make It a Very Tech-y Holiday
MOST SHARED
- Nielsen Ratings Coming to Video Games
- The Week Ahead
- Oil Next Week
- Time Lapse World Series Is A Great Play
- 'New Moon' Midnight Showings Earn Record $26.3 Million
- Latest Bullish Sign for Gold: Central Banks Are Big Buyers
- Hershey Mulls $17 Billion Bid for Cadbury: Source
- Hot Topics at TEDMED
- Twilight, Inc., A Worldwide Craze
Text Size 
The International Monetary Fund's managing director, Dominique Strauss-Kahn, said on
Friday the pace of the recovery in the U.S. economy remains sluggish but he does not believe there will be a double-dip recession.
 |
In October, the IMF raised its U.S. growth outlook to 1.5 percent in 2010 but Strauss-Kahn said that forecast could be on the pessimistic side.
"Our forecast has that, not only in the United States but also for the rest of the world, 2010 will be a year of recovery," Strauss-Kahn told a news conference in Singapore where he was attending an Asia Pacific Economic Cooperation (APEC) meeting.
"I must say, in some respects, we had been a little pessimistic because growth has resumed a little earlier than expected, by one quarter or so."
He said the dollar had remained resilient throughout the global crisis but most Asian currencies were undervalued and reiterated calls for the Chinese yuan to be revalued.
"China's economy in the coming years will be focused on domestic growth and the value of renminbi will have to be increased," he said.
- Technology can make or break a fortune in the world of alternative energy.
- Many people are facing the holidays with substantially smaller incomes. Here’s how some are adapting.
- Jim Cramer is a proponent of stocks that pay healthy dividends, and here are his top five dividend plays.
- From salt, to lip balm to envelopes, it turns out that bacon flavoring can sell almost anything.
- The homebuyer's tax credit jacked sales for a while, but 2010 is looking weak. Now what?
- CNBC’s technology reporter Jim Goldman guides you through the best gadgets to buy this holiday season.
Data is a real-time snapshot *Data is delayed at least 15 minutes