World economy may slower improve than expected

The European debt crisis suggests that the improvement of the global economy may be slower than expected in the past – said Sinohara Naojuki, deputy managing director of the International Monetary Fund (IMF), in a lecture in Singapore on Wednesday.

Sinohara Naojuki believes that the improvement is led by the Chinese economy while the short-term prospects of Europe are uncertain, due to budgetary problems in countries such as Greece, Portugal and Hungary." The IMF, however, is not worried about the situation of the Hungarian economy.