Pyongyang, September 22 (KCNA) --The managing director of the International Monetary Found (IMF) recently said the world economy was faced with danger.

Delivering an official speech in Washington, the managing director said the worldwide poor economic situation and heavy financial deficit were deterrent to demand, investment and job creation.

If the world economy bogged down in a double recession after the financial crisis of 2008, he said, the world market would fall into chaos and crisis again.