Bank of Korea governor sees imbalances worsening
Juyeol Lee calls for 'fundamental rebalancing'
Bank of Korea governor Juyeol Lee has warned countries' internal imbalances are worsening, urging "proactive and concerted" policy efforts to correct them.
Delivering the opening remarks at a joint conference between the bank and the International Monetary Fund on macroeconomic rebalancing, he said without "fundamental rebalancing", the "full-fledged" recovery of the world economy seemed unlikely.
Expansionary macroeconomic policies are only a temporary solution, Lee warned. In the longer run
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