Current account imbalances need to be addressed, Furusawa says
IMF deputy says imbalances in current accounts could increase volatility in the global economy
An executive director from the International Monetary Fund has said there is a need to address the imbalances forming between countries that run a current account surplus and those with large deficits.
Speaking at an IMF seminar in Tokyo, Mitsuhiro Furusawa said such imbalances in current accounts would increase risks to the global economy.
As a result, the fund has launched a report which assesses the largest economies’ external positions and analyses the potential spillovers.
“To address
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