IMF head: It will take three years to recover the economic losses

The economic losses caused by the international financial crisis will not be recovered earlier than 2-3 years, said the head of the International Monetary Fund, Dominique Strauss-Kahn, on Friday. According to the IMF official, the economy may return to a positive growth in the first semester on 2010, in case good policies are applied and the banking system is „cleansed”.

The toxic assets held by banks are above 2,200 – 2,300 billion dollars, Strauss-Kahn said, repeating the same estimations made in January.