IMF's Rato on the changing global economy

In the speech 'Adapting to the changing global economy: The IMF's medium-term strategy' given on 16 June Rodrigo de Rato of the IMF said there is already considerable agreement on the broad policies that are needed to reduce global imbalances.

"Most policy makers around the world agree that what is needed is fiscal adjustment and measures to stimulate private saving in the United States, further exchange rate appreciation and measures to stimulate domestic demand in some countries in emerging

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