IMF’s Lipsky warns of widening global imbalances
John Lipsky, the first deputy managing director of the IMF, on Sunday warned global imbalances could widen again and put the sustainability of the recovery at risk.
At the China Development Forum in Beijing, China, Lipsky said: "Growth in economies with large external deficits, like the United States, is still being driven by domestic demand. And growth in economies with large external surpluses is still too reliant on exports."
Lipsky said the IMF expected current account balances in China to
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