The International Monetary Fund Managing Director Dominique Strauss-Kahn warned of the possibility of a second wave of global economic slowdown. A similar view was voiced and a financial guru George Soros.

Experts disagree about the source of a new round of crisis, but agree that the main problem of the developed economies in 2010 will be the fiscal deficit.

head of the IMF Dominique Strauss-Kahn on the eve of Tokyo, said: "We must be very careful, because the current recovery remains very fragile." In his view, an increased risk for the global economy have to date cheap money flooding the emerging markets. Their abundance is fraught with the formation of new bubbles in asset markets.

According to fund manager, the main concern of governments and central banks continues to be an adequate way out of the emergency support of the world"s leading economies. "If we stop these measures too early, threatening to re-recession - he said." In most countries, the growth of economies is still supported by government measures. Should primarily focus on domestic demand and unemployment rates.

Earlier

financier George Soros said the possibility of a second wave of global economic crisis. According to him, guilty in his appearance once again become the United States. New slump in the stock market is quite probable, because at the moment speculators are optimistic because we believed that the current crisis is different from previous ones ", - considers Soros.

He called to introduce a new mechanism for regulating international financial markets: "Because of the globalization of finance has no boundaries. Yet even the current international regulation is the root of the sovereign interests and implemented by national regulators. And every government is concerned first and foremost the economic health of their own country, and not the situation on a global scale ", - said Soros.

According to experts of the Center for Economic Research of the Institute of Globalization and Social Movements (IGSO), push to shift the economic crisis in a new phase of dev1000elopment will be given to events outside the United States. Signaled a new wave of stock falls and collapse of speculative commodity prices will, according to analysts, a series of major bankruptcies in the third world.

As experts believe the center, the U.S. authorities were able in 2009 to pass a number of problems in the economies of other states. "Governments everywhere have taken measures to maintain export profitability, are often closed to the United States. The situation of national consumer undermined for the sake of stability of external sales. In view of this crisis could deeply affect the economies of peripheral relative to the U.S. without the collapse of export", - said director Boris IGSO Kagarlitsky.

According to him, even active public spending could not in such a situation to keep the creeping growth of "bad debts" in the portfolios of banks. Conditions were created for the start of the second wave of the crisis outside the U.S.. The first signal came in late last year from the United Arab Emirates: State Holding Company was insolvent, Dubai World.

"The main problem in developed economies, with which they will struggle in 2010 - a huge fiscal deficit. This year will be phased out large-scale financial support programs operating in the U.S. and Europe", - said the executive director of the International Fund Bleyzer Oleg Ustenko .

According to him, after the collapse of measures to stimulate the economy there is a risk of slowing economic growth. "Therefore, measures should be taken that would have continued to stimulate the economy at a time when fiscal and monetary methods would not apply to the maintenance level. In the context of Ukraine"s need to talk about improving the investment climate, attract foreign investment and technology transfer.

It needs a more balanced fiscal and monetary policy ", - the expert said. At the same time Herr Ustenko sure: despite the fact that in 2010 the world economy will maintain turbulence, the leading countries of the world will show modest growth, which in its turn, positively affect the economies of less developed countries.

Recall that in early October, the IMF raised its estimate for global growth for 2010 to 0,6% - to 3,1%, and improved the outlook for the economies of developed countries. Thus, the forecast growth of the U.S. economy and the Euro zone increased by 0,7% and 0,6% - to 1,5% and 0,3% respectively. For Germany, the forecast raised to 0.9%: IMF expects GDP growth of this country by 0,3% in 2010

Xenia Lazorenko

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