10 July 2001, 15:02 IMF says imbalances in US economy could put world growth at risk - report
MILAN (AFX) - The International Monetary Fund believes imbalances
in the US economy coupled with any rapid fall in the dollar could put
world growth at risk, Italian news agency Radiocor reported.
"The rapid development of US imbalances -- trade deficit, low
domestic savings -- and a sharp devaluation of the dollar could
increase fears of a rise in inflation in the US, weakening
international growth," Radiocor quoted an IMF document as saying.
The agency said the report on the state of the world economy was
written for the G7.
© 1999-2024 Forex EuroClub
All rights reserved