IMF Chief Says Double-Dip Recession Still a Possibility

“The global economy is recovering, the problem of course is that even as growth is coming back, unemployment will lag behind. There is a delay which varies from one country to another, but which is around 10 months to 12 months, sometimes 14 months between the time when growth is resuming and the peak in unemployment, so we shouldn’t be  too optimistic. Is good that growth is coming back as a result of stimulus which has been implemented by many countries following the advise of the IMF, but still we have to be very cautious. Moreover, there are some possibility of a double-dip [recession], I don’t believe it’s the main scenario, it’s not the main scenario in which we believe, but it may happen and so we have to be sure and secure in recovery before claiming victor,” IMF Chief Dominique Strauss-Kahn told CNBC Friday.