Blanchard and Roubini caution on global recovery

The developed world will see a return to positive growth by the end of the year, but sustaining the recovery will be a delicate balancing act, said Olivier Blanchard, the chief economist of the International Monetary Fund (IMF).

Speaking on 22 June in Paris at the first conference of the Long Term Investors Club, a newly formed group for public investment bodies, Blanchard said that forecasts being prepared by the Fund at present would show advanced economies moving into positive growth at th