(CNBC.com) — Many advanced economies will face high unemployment through 2011 even though job growth will return this year, the International Monetary Fund said on Wednesday.
In its initial chapters of the World Economic Outlook, the IMF said combating unemployment was a key policy challenge as the global economy emerges from the worst recession since World War Two.
It will release the full report next week.
“The nature of the recent recession in several advanced economies weighs against unemployment moderating any time soon,” the Fund said.
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