IMF head plays down market volatility

Rodrigo de Rato, the managing director of the International Monetary Fund (IMF), expects both US and global economic growth to continue in spite of financial turmoil.

"For the present, we still expect the global economy to continue performing well, even in the face of recent financial market turbulence," de Rato said.

De Rato said that market turmoil could affect the real economy in the US if asset prices and confidence fall but remained confident that this could be avoided: "To the extent th