IMF chief sees no US or global recession

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Berlin, September 24: : The United States is not about to slip into recession and neither is the broader world economy, International Monetary Fund Managing Director Dominique Strauss-Kahn said in a newspaper interview on Wednesday.

"As things look now, neither the US economy nor the global economy will slip into recession," Strauss-Kahn told Germany's Frankfurter Allgemeine Zeitung. "But we are facing a protracted economic downturn, and the recovery that we are expecting in the course of next year will be sluggish," he said.

Last week, a G10 source said that the IMF had raised its forecast for US economic growth this year while cutting its outlook for the euro zone.