IMF: recovery has started but could be derailed

The Times
"But the old status quo of Asia supplying American demands must change or the global recovery may be derailed, Mr Blanchard warned in a paper published today."The turnaround will not be simple," he said. "The crisis has left deep scars which will affect both supply and demand for many years to come."With America’s national debt hitting a record high last month of $1.27 trillion, the country cannot continue to inject stimulus funds into the economy indefinitely, Mr Blanchard said."