World economy not so bad despite crisis: IMF

---

SAO PAULO, Nov 10 (AFP): The world financial crisis could still deal some nasty blows to emerging countries, but swift action by central banks in advanced economies meant overall "things aren't going that bad," International Monetary Fund (IMF) chief Dominique Strauss-Kahn said yesterday.
Speaking after a meeting here of finance ministers and central bankers from the Group of Twenty (G20) of developed and developing nations, Strauss-Kahn said discussions were dominated by the sharp downward revision of economic growth around the world.
"For the first time in the postwar period we have a negative forecast for growth for advanced economies, and also a large revision for emerging countries," he told reporters.