IMF President: the global economy will recover next year.

International Monetary Fund (IMF) held recently in Jerusalem, president of Kahn's "Facing Tomorrow" conference, said the global economic recovery will not begin until early next year, and the U.S. subprime mortgage credit crisis has not yet ended. .<P> (Http://finance.) Under the IMF's expected before the end of this year, the global economic slowdown will not lift the case. .Caused by the U.S. subprime mortgage crisis of confidence, making the financial market, the trend toward freezing. .</ P> <P> vice president of American International Group, is also a former Central Bank President Falunkeer Israel said the U.S. economy into a deep recession is not the main reason is the substantial increase in exports. .</ P> <P> Kahn said the global financial crisis time, policy makers should not underestimate the global currency imbalances, and commodity prices and rising food and oil inflation will increase. .</ P> <P style=MARGIN: 0px> Cohen, senior global strategist, said in recent months the world are interested in venture capital were almost non-existent. .And if no one wants to invest, there will be any improvement in the economy. .But the good sign is a global financial market is moving toward a stable and normal. .Part of the financing have begun to return to the market. .</ P> <P style=MARGIN: 0px> she expects U.S. gross domestic product (GDP) in the second half of 2008 has shown positive growth, but she warned that the second quarter, the economy may shrink by 0.5%. .</ P>.