IMF sees economic crisis getting worse, others expect recovery


Man, these are confusing times.

The head of the International Monetary Fund told a gathering Monday in Kazakhstan that the worst of the financial crisis was yet to come. This comes less than a week after a survey of economists found that most expected the recession to end in September followed by a "mild" recovery.

International Monetary Fund chief Dominique Strauss-Kahn threw cold water on some of the optimism of the G8 meeting in Italy where as Reuters noted the eight finance ministers "described their economies in the most positive terms since the collapse of U.S. bank Lehman Brothers nine months ago heightened the world's worst financial crisis since the Great Depression of the 1930s."

Originally published