IMF Chief : Recovery could emerge in 2010

US: The global recession may be ending and a recovery could emerge next year, Managing Director of the International Monetary Fund (IMF) Dominique Strauss-Kahn said here on Thursday.

"The freefall in the global economy may be starting to abate, with a recovery emerging in 2010," said Strauss-Kahn in a speech at the National Press Club.

But "this depends crucially on the right policies being adopted today," he noted.

He urged all countries to act together and immediately adopt policies aimed at ending the recession.

"Of course, the solutions differ by country, but there must be a coherent and coordinated response by the international community, " said the chief of the 185-member IMF.

Strauss-Kahn said "2009 will almost certainly be an awful year - - we expect global growth to enter deeply negative territory."

"It originated in advanced economies, and spread like wildfire across the world," he said.

At the G-20 summit earlier this month in London, leaders from rich countries and emerging market nations focused on urgent actions needed to restore growth and on what must be done to repair some of the underlying problems that caused the world crisis. WASHINGTON, Friday, Xinhua