Page last updated at 17:36 GMT, Wednesday, 8 October 2008 18:36 UK

IMF chief warns of 'tough times'

Advertisement

The chief economist of the International Monetary Fund has welcomed a cut in interest rates by six central banks as ''a step in the right direction.''

However, Olivier Blanchard told the BBC's Greg Wood that world economic growth will slow substantially this year, and only pick up modestly in 2009.

SEE ALSO

Story Tools

BBC navigation

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific