BUSINESS
07/06/2011 10:31 am ET Updated Sep 05, 2011

IMF Head Lagarde: Global Economy 'On The Rebound' But Unbalanced

WASHINGTON - International Monetary Fund Managing Director Christine Lagarde said on Wednesday the global economy was rebounding from the financial crisis but recovery remains unbalanced.

"When we look at our growth forecasts for 2011, 2012, we are clearly on the rebound and things are improving and are getting better when compared with the situation as it was in 2009 at the height of the crisis," she said at her first press conference as the new IMF chief.

But she said growth remains "unbalanced" with emerging-market economies growing much faster than those of developed countries.

(Reporting by Glenn Somerville; Editing by James Dalgleish)

Copyright 2011 Thomson Reuters. Click for Restrictions.