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Accordiong to IMF President Dominique Strauss-Kahn world economy is now recovering. However unemployment rate is still increasing dramatically.
Addressing the CBI’s annual conference in London, he warned policy makers that the sustainability of recovery around the world depended on decisions they will have to make in the coming months.
He also warned that as growth across the world economy recovered it would take some time for jobs to follow suit.
“It is difficult to claim that the crisis is over when unemployment is at historic highs and getting higher still,” he added.
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