Global market sell-off may have been \\\'Over-reaction: IMF

The head of the International Monetary Fund says market turmoil this week may have been an ‘over-reaction,’ as leading economic figures met to discuss Friday the global economy and worries about another recession in Europe. Christine Lagarde described the week as a ‘correction on the markets, and perhaps at this stage, an over-reaction.’ Reforms in France are also on the agenda at the meeting in Paris, in a country crippled by flat growth and high unemployment. The Organisation for Economic Co-operation and Development praised the French government's latest economic plan, especially 30 billion euros ($38.5 billion) in tax cuts for companies, and said it could boost growth by 0.3 points per year over the next five years - if it's implemented quickly and deepened, according to .ndtv.com