According to the IMF, the world economy is stabilising. The report said advanced economies as a group are still projected not to show a sustained pickup in activity until the second half of 2010.
Oh, and don’t expect increases in unemployment to abate within a year either.
The report also recommends that 'work should begin on exit strategies from financial, monetary and fiscal support policies in order to minimise market uncertainty, and that these strategies should be consistent across countries to avoid opportunities for financial and regulatory arbitrage. 'Medium-term policies should help establish a lasting framework of sound financial regulation, sustainable fiscal balances, and price stability.'
2010? Okay, hold off on the world trip and new spa pool, but at least - let's hope your job is safe for now...
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