By DAILY MAIL REPORTER 'The whole society is going to suffer,' warns IMF boss Dominique Strauss-Kahn Debt in Britain has reached a 'disturbing' level, warns the head of the International Monetary Fund. But Dominique Strauss-Kahn argued that more Government borrowing was the lesser of two evils during the economic downturn. He said that more spending by governments was necessary to stimulate economic growth anf forecast that 2009 would be 'a really bad year'. He told BBC Radio 4: 'I'm specially concerned by the fact that our forecast, already very dark... will be even darker if not enough fiscal stimulus is implemented.' He added that measures announced by the G20 countries last month may not be enough to revive the global economy. It would take a spending stimulus equivalent to about 2 per cent of global Gross Domestic Product, or about 1.2 trillion, to make a real difference, he said. He told The World At One: 'The problem is that all the whole society is going to suffer.' The interview will air on BBC Radio 4 at 1pm today.UK debt has reached 'disturbing' level, warns IMF chief
Last updated at 11:31 AM on 21st December 2008
Sunday, 21 December 2008
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