The head of the International Monetary Fund is urging governments and central banks to take stronger action to stimulate the faltering global economy.
IMF Managing Director Dominique Strauss-Kahn says without a larger stimulus package, a recovery predicted for the end of next year could be delayed.
He told a conference in Spain Monday that the world may face a global recession
The global slowdown is hurting even China's roaring economy. Strauss-Kahn said the IMF might cut its forecast for China's economic growth next year from more than eight percent to around five percent.
Meanwhile, World Bank President Robert Zoellick said in Beijing Monday the best way China can help support the world economy is by strengthening its own economy.
He acknowledged the downturn in international trade would make that difficult to do.
But he said China's 600 billion-dollar stimulus package and other efforts to boost domestic consumption would help wean the country of its dependency on exports.