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Recovery May Not Create Job Growth, IMF’s Strauss-Kahn Says

The global economy may not generate much employment growth in coming years, with Europe most at risk of a sluggish and jobless recovery, International Monetary Fund Managing Director Dominique Strauss-Kahn said in an interview.

“The recovery is not enough, you need to have a recovery with jobs,” Strauss-Kahn told Bloomberg Television yesterday in Oslo. “The worst thing to do would be to believe that because we escaped -- at the edge of the cliff -- the big crisis that could have happened 1 1/2 years ago, we are safe. We’re not safe yet.”