WASHINGTON — The International Monetary Fund’s No.2, John Lipsky, said he doesn’t expect unemployment to start declining in wealthy nations until “well into next year” — and even that pessimistic forecast depends on governments making significant progress in cleaning up bank balance sheets. He also said that the recent rise in bond-market interest rates is a sign the global economy is healing, and that global governments need to begin planning for ways to reduce the justifiably large budget deficits that will be created by their recession-fighting efforts. “Economic data may indicate that GDP \[gross domestic product\] has stopped contracting and started increasing, but the ‘man on the street’ will not be completely convinced things have turned around until they can stop worrying about... more...